MicroStrategy Model

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|                    MICROSTRATEGY                           |
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|                                                           |
|   Coin-Stock hybrid model tutorial                        |
|   The new era "listing scheme" methodology                |
|                                                           |
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So-called coin-stock:
├── From stock or crypto market, choose the side with higher fundraising capacity and lower sophistication
├── Embed and push the side with lower liquidity, easier manipulation
├── Exploit liquidity cognition gap for bilateral price flywheel
└── Cash out during appreciation

1. Very strong traditional fiat fundraising ability
2. Public company shell for fiat fundraising with secondary trading
3. Low liquidity, easily manipulated crypto target

Push original shares to market
        ↓
Cash dividends before listing
        ↓
Static + dynamic rewards up to 400% APY
        ↓
Big tier gaps, must grind market to max out

Trust-building:
├── Company HQ tours
├── Professional broker analyst presentations
└── Conference sales
        ↓
Key: Lock dividends to get full shares

Real listing:
├── Find shell to list (US to Singapore markets)
├── Use overseas listing subsidy red stamp documents
└── Listing cost under $800K

Fake listing:
├── Just find shell to announce offering/restructuring
└── Or pure vapor

After successful listing:
├── Force delivery of illiquid shares
├── Delay delivery citing KYC/compliance
├── Various means to "legally" pocket money
└── Use retail money to pump, left-hand-right-hand dump

HK stock market maker led schemes might:
├── Do another scheme to shift previous bubbles
└── Or do offerings

Third phase has more options:
├── Crypto: Dump
├── Stock: Dump
└── Crypto futures: Short squeeze dump

Sell crypto concept to stock retail who don't understand crypto
Sell stock catalyst to crypto retail who don't understand stocks
Blow up doubters through perp short squeezes

= Turn one secondary scheme into three different liquidities

Find nearly zero market cap and volume NASDAQ listed company willing to scheme
e.g., $CNET, $VNET, etc., negotiate splits

Crypto strategic reserve announcement + Blockchain strategy announcement

Pick a Coinbase/Kraken or at least Binance/OKX spot-listed
Top 500 market cap but high-control, can contact market maker shell
Negotiate splits

0.5% daily static, up to 300% dynamic
Call it "coin-stock convertible bond"
Sun line but limit first-level market lines + initial deposit totals
Let market lines shill in groups, sell invite codes

Dividend withdrawals deduct convertible "stock" ratio
Offer 5x stock buyback policy (with "compliance conditions")

Hong Kong conference + Listed company rep + Crypto team rep
Theme: RWA conference, leave no evidence for later

Use deposit funds as market cap capital
High volatility testing on crypto price, big swings
Can paint doors, but definitely need occasional 15%+ daily candles
Paint picture for depositing retail

When new deposits slow to approach daily dividend payout ratio:
├── Listed company announces restructuring
├── Stock side pump and dump begins
├── Cite compliance to extend share distribution (learn from Pi Network)
└── Buyback requires shares in hand first (another 6 months)

Result:
├── Stock cashed out
├── Crypto cashed out
└── Retail got their coin-stock and coins

Coin-stock success = Traditional fundraising ability × Low liquidity crypto target × Cognition gap arbitrage

Mapping:
├── Convertible bonds → Dividend scheme fundraising
├── PE/SPAC → Listing phase
└── Three-direction exit → Pump and dump

Core driver:
├── Michael Saylor: Wall Street institutional financing
└── DIY version: Shenzhen/Chengdu/KL ground promotion deposits

Advantages:
├── Lower cost
├── Easier to pump
├── Fewer complaints
├── Easier to maintain
└── Easier to cash out