RE: Should LBI change it's LEO Strategy?

1. Yes, since bringing me on I have been advising for more public faces to back the project and take on official roles. At least 2 more will be announced in the near future and likely more as time goes on. There was some discomfort due to regulations (understandable) but crypto regulations have drastically changed in the past ~6 months. It's time to step into the light and make LeoStrategy a legitimate corporation. Maybe even look to file a local business license at some point to raise IRL capital and bring it onchain to buy LEO (same way Microstrategy did it but in basically reverse order - starting onchain, then moving corporate). The mandate will never change: own as much LEO as possible and increase the mNav premium (mNav is basically just a calculation on the value of LEO holdings vs. the market cap of outstanding LSTR shares)
2. I will talk with the board members about this. I think OTC deals are a great idea and honestly have not been discussed before. My main priority is seeing 100% of the outstanding LSTR shares in the initial sale getting sold so the capital can be raised before LEO's price goes up. LeoDex is cranking upwards of $2M in volume per month now (~$130k just today and this has been growing dramatically). It's time to get LSTR's LEO fund locked in before the price starts going haywire
3. For the forseeable future, LSTR will be a mNav-driven product (similar to Microstrategy and other Strategy companies). 100% of all inflows will be used to simply acquire more and more LEO. Then the market can price the LSTR token based on this growing stake of LEO. For example, if Microstrategy's Bitcoin stockpile 2x's each year because yield is used to buy more BTC + the price of BTC is appreciating, then MSTR's stock will increase by 2x x the mNav premium. It's a brilliant strategy as long as you have permanent capital and can allow time + inflows to do their thing (LSTR's permanent capital is the LSTR 100k initial sale - it can never be liquidated and this is key).

TLDR; on #3: Capital growth is the only goal now but long-term, I think a dividend at some point in the future may make sense. The mandate in the near-term should be acquire as much LEO as humanely possible. Allow LEO to appreciate and then decide if the fund is so rich that it should start paying a dividend (can and should be voted on by LSTR stakeholders and the LSTR board).

This is how most public companies do it: like Coca Cola. If you've been in business a long time and are generating more money than you know what to do with, start paying some % of cash flows to shareholders. I think it's a good idea down the road.

Overall would love to see you guys own LSTR and I like that you positioned it in this way - that owning LSTR on Hive is a good way for Hivers to get exposure to the sLEO growth (USDC payouts on Abitrum from LeoDex revenue) without having to do any of the work. My DMs are open if you want to talk about the OTC at all, if the board is open to it I would like to give LBI an exclusive discount since you guys have supported LEO through thick and thin over the years. The stipulation would be a gentleman's ask that you don't sell the LSTR for some measurable amount of time if the discount is hefty (as that would be unfair to other buyers). 🧡