Welcome to The Sovereign Rails

A monthly operator's newsletter & logbook for Canadians running a Bitcoin-thesis portfolio. The mechanics, the tax questions, the trade-offs — written plainly, one issue a month.

The Loan Book, Honestly

The Carry, the Cashflow, and the Reframe

MSTR Preferreds (STRC, STRF, STRK) — How They're Taxed in a Canadian TFSA, RRSP, and Taxable Account

Is the Interest on a Bitcoin-Backed Loan Tax-Deductible in Canada?

Covered Calls in a Canadian TFSA

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Operator's notes only — not financial, tax, or investment advice. Consult your own qualified advisors before acting on anything you read here.