Always is a long time. A year ago one bitcoin bought 30.86 ounces, and tonight it’s about 19.7, so gold took that round. However, I think bitcoin is going to buy a lot of gold in the next few years. It only counts if you actually trade bitcoin for gold. That wouldn't be smart

Thanks. Same data, one more cut: a bitcoin bought 12.35 ounces on February 24 and 20.89 on October 4. Most of that round trip happened in seven months.

Nothing, and that's what stings. In August 2023, FinCEN told SDNY prosecutors that Samourai likely wasn't a money business because it never held anyone's coins. SDNY indicted them in April 2024 anyway. Now FinCEN says its own mixing rule would chill legitimate activity. The regulator sided with them twice, and two guys are still doing the time.

It was a good time to buy it. It depends on your age though. I think the maximum growth is MSTR. If you believe BTC is going to $1 Million that is the play. STRC seems to be great for income and is killing the 2-5% on most stocks, but there is no growth.

On the tax burden: Strategy expects the Oct 31 payment to be a non-taxable return of capital, up to your cost basis (8-K, Oct 1). Return of capital isn't income when you receive it. Each payment lowers your basis by the same amount (IRC 301(c)(2)). Once basis hits zero, further payments are capital gain. The tax shows up when you sell, as a bigger gain on a smaller basis.

Daily or twice a month, the year's total is the same: $12 a share at 12% on $100 par. It shows up as one number, box 3 (nondividend distributions) on the 1099-DIV, and brokers adjust basis on covered lots. Strategy files a Form 8937 for each payment; the July 15 one cites 301(c)(2). The final character depends on full-year earnings and profits, so it's settled after year-end.

On the swings: $0.50 is 0.5% of par twice a month. Daily at 12% is about 0.03% a day.

Not tax advice.