Coming soonNo vault yet. Nothing to buy.

$SAYLOR

token pSAYLORcoming soonbitcoinmstrpremiumpairs-trade

The Saylor Trade

Bitcoin, or the bitcoin company? Own both and let the premium decide: when Strategy trades rich to its coins, rotate into cbBTC; when the premium collapses, buy the leverage back.

NAV (indexed): 95.46
24h: −0.68%
7d: +3.31%
30d: −7.45%
TVL: —
Holdings: 2

Indicative NAV, 30dbase 100 · coverage 100% of weight · as of 0s ago

Constant-mix index from tokens.xyz daily closes (CoinGecko for Solana natives). Not realised NAV; excludes fees and slippage.

Holdings2 tokens · liquidity $38.58M

Holding	Weight	Price	24h	Liquidity	Issuer	Trust	Mint
MSTRMicroStrategy	56.0%	$147.76	−0.21%	$523.6K	Backpack Securitiescash-redeemable	Tier 2	MSTR…U7Nz
cbBTCBitcoin	44.0%	$81,789.79	−1.28%	$38.06M	Coinbase	Tier 1	cbbt…iMij

Weightingmnav_premium

mNAV = Strategy market cap ÷ its bitcoin. w(MSTR) = 0.5 − 0.25 × (mNAV − 1), clamped; the rest in cbBTC.

Source: www.strategy.com
floor: 20%
cap: 80%
Rebalance: monthly, or drift > 500 bps
Max trade: $50,000 per swap

Oracle marks

MSTR: Equity.US.MSTR/USD · shard 1
cbBTC: Crypto.BTC/USD · shard 1

Pyth feeds. Equity feeds update in US market hours; crypto and metals 24/7. The keeper checks every feed id before it trades.

Full methodology

Rebalance logkeeper idle

No rebalances yet. The keeper starts when the vault is funded.

Cadence: monthly
Drift trigger: 500 bps
Max trade: $50,000 per swap

Risks

Issuer: Backpack Securities, Coinbase. An issuer failure or freeze hits the basket.
Liquidity: Trades route through on-chain pools. Slippage is paid by the basket.
Contracts: Voltr, Jupiter, issuer token programs, keeper keys.
Jurisdiction: Not for US or UK persons. Issuers can freeze ineligible holders.
Tracking: Follows its own rules, net of fees and slippage. Not a published index.

Not investment advice.