MSTR

Str8truth

Strategy has overhead costs that BTC and ETPs don't have. Against those costs is the prospect of Strategy shares gaining Bitcoin Yield (BTC per share of MSTR).

EmbarrassedYak1110

If Bitcoin falls further, MSTR shares can falls faster

SilverPrivateer

Bitcoiner, I own share of MSTR which own bitcoin

jwz9904

you are a MSTR, not a bitcoiner

SilverPrivateer

This is tough. I recently became a bitcoiner via MSTR and it's a real test. I'm going to keep diamonds handing but man I can't believe some of you managed to get through multiple bear markets in order to get huge gains... hope I can join all of you guys in attaining glory.

EmbarrassedYak1110

MSTR losing market premium is best understood as a function of mNAV convergence rather than a loss of structural appeal. As Bitcoin’s price is more efficiently priced into MSTR’s net asset value, the equity behaves more like a leveraged, capital-accretive Bitcoin vehicle. Compared with GBTC which was historically plagued by redemption frictions and discount risk, MSTR’s structure remains fundamentally superior

angel22tg

last cycle there was no ETFs, no institutional buying, no government backing, no pro crypto president, no MSTR with 600k+ BTC, no sovereign funds buying, no countries buying...

rudgeyyy

To jump on the tax side of things, it’s the same in the Uk, we buy MSTR in our stocks and shares ISA to avoid capital gains tax. So that we buy ‘shares and etfs’, you fool. Enjoy playing your tax.

habbadee

I once owned over 250,000 shares of MSTR.

Tiny-Design-9885

MSTR and ETFs are dollar denominated. You buy these when you want to play in dollars. Or the intersection of where dollars and BTC meet. Bitcoin on the other hand is a different universe than the dollar. Just listen to the talking heads: are they talking about how much bitcoin you can get or are they talking about how many dollars you can get in the future. The one talking about dollars and the risk to your dollars doesn’t get the premise yet. This is good for those accumulating BTC.

jawni

>That works to a point, but if the situation gets severe I think it results in full meltdown. Doing this should be the more sustainable way, you're more likely going to get into full meltdown mode by making bad purchases. Share buybacks under mNAV help fight against that. >And MSTR holds such a massive share of the market, the waves would likely cause exchanges to start collapsing as well. It's gonna collapse even faster if mNav goes below 1 and they never buy back shares. >Everything depends on BTC being above MSTRs cost basis in 2027-2028 when they have to pay their debts. I think it will be. This is like buying a dollar for a dollar and change, instead of buying a stablecoin that you know is fully back by a dollar for a discount. But not over spending is how they'll be able to save money and you do that buy monitoring mNAV and buying whichever is undervalued, the shares or the underlying asset.

fan_of_hakiksexydays

It ain't over until $74K fails. That's the confirmation of a bear winter (lower cycle low). If you believe the cycle theory, then Q4 should be the beginning of the end. So there's a chance it's over and it's "see you in 4 years". It's not an exact science, so there is still roughly a little over a month for a new ATH or even mania rally and still be within the numbers for the cycle theory. If you believe more in fundamentals, then QE, M2 supply, rate cuts, ETFs, sovereign funds, tariffs scaled back, and even stimmy checks, all point to a potential break of cycle in 2026 and potentially more bullrun. If you believe in doom, then you're thinking whales are leaving a sinking ships, then ETFs are gonna panic, then all these funds and things like MSTR are gonna collapse and it's gonna be a total collapse.

TheRandomArtist

I thought it was pretty clear banks are trying to force Saylor into selling by shorting MSTR and BTC at the same time...? No one gives two shits whether you hold or sell. They need MSTR to be forced into a financial death spiral, so his holdings are released to all the institutions.

InternationalType218

I appreciate your opinion and I agree to an extent. I’ve held MSTR and FBTC in my IRA for a while since I can’t hold actual BTC there. MSTR and XXI have possibilities that real BTC doesn’t. Yes it’s a lottery ticket hoping that they succeed in creating something from their massive pile of BTC. I would still like to know how one website calculates mNAV for these two companies so differently. The MSTR number appears to be right while the XXI number looks like they used garbage numbers to calculate it. [the miscalculation](https://bitcointreasuries.net/public-companies/xxi)

glasser999

That works to a point, but if the situation gets severe I think it results in full meltdown. And MSTR holds such a massive share of the market, the waves would likely cause exchanges to start collapsing as well. Everything depends on BTC being above MSTRs cost basis in 2027-2028 when they have to pay their debts. I think it will be. The only thing separating MSTR from a ponzi is BTC going up forever. I hope Saylor is right, I think he is.

ComaKaho

The S&P 500 is a stock market index that includes the 500 largest American companies. These are companies that produce useful things like cars, for example. It's not based on hot air, unless MSTR is included. But we hope they'll be kicked out.

curveball21

I think we have to "peace out" MSTR. Only after Saylor gets nuked can we be truly free.

Business_Sand_3094

[$MSTR](https://x.com/search?q=%24MSTR&src=cashtag_click) has bought over 21,000 [\#Bitcoin](https://x.com/hashtag/Bitcoin?src=hashtag_click) in December so far. Saylor is not slowing down.

Business_Sand_3094

[$MSTR](https://x.com/search?q=%24MSTR&src=cashtag_click) has bought over 21,000 [\#Bitcoin](https://x.com/hashtag/Bitcoin?src=hashtag_click) in December so far. Saylor is not slowing down.

Business_Sand_3094

[$MSTR](https://x.com/search?q=%24MSTR&src=cashtag_click) has bought over 21,000 [\#Bitcoin](https://x.com/hashtag/Bitcoin?src=hashtag_click) in December so far. Saylor is not slowing down.

Equal_Classroom_4707

Dude, this has to be explained a million times a day. MSTR is in incredible shape to endure drastic BTC downturns. Source, Strategy and Saylor discuss the math ad nauseum.  Microstrategy leverage is not impacted by market price movements.  There is zero forced liquidation mechanisms. They can't be margin called. People don't seem to grasp that time and pressure is BTC's best friend, and strategy has all the time in the world with the way their debt is structured.  Everyone thinks in terms of margin, basic debt, leveraging, basic lending terms. None of those apply to strategy.

Crim3mast3rZ

Nahh they do this 24/7 and suck off any post about the god Saylor and MSTR😂😂😂🤦

investingtruth

So Saylor is absorbing more than the new supply hitting the market and etc is still down over the past 12 months? It's creating a concentration risk. One entity controlling that much of the float and being this leveraged introduces tail risk if MSTR is ever forced to unwind.

reebs81

See, if someone holds bitcoin and bitcoin drops, I don't have to sell. MSTR might have to liquidate due to its leverage. Once they liquidate, who knows what will happen to them. Leverage = Risk. That's why MSTR is below NAV now and was above NAV when the market was going up.

glasser999

Buuuut if investors/lenders ever actually want to get their money back..MSTR would have to either sell BTC or pay them with new investors money. If they start selling large amounts of BTC, it causes a panic, dropping the price. Causing more investors to start pulling their money.. dropping the price further. Feedback loop begins, BTC keeps dropping, and suddenly MSTRs bitcoin reserves pale in comparison to share value. MSTR goes insolvent. Shareholders get screwed. Very ponzi-esque. The whole thing relies on people trusting Saylor's longterm vision for BTC

Aerocryptic

They may once have been big? Bro they sold for 8 to 9 figures of btc 😂 There was a 2011 old wallet with 80k btc who sold this summer. Ain’t that big enough? The only one who’s really big in that list compared to these old whales is MSTR.

Confident-Tank-1036

Fuck Michael Saylor and his company. People praise him for what ???? Wait till his shit gets hacked, wait people they didn't buy Bitcoin they bought MSTR shares. And then they wake up. Gets offline wallet Get your own satoshi, no need for a middle aged guy that doesn't know how to shave his beard🤣 Yeah I am aware, I am a big hater of Michael Popeye.

ShanghaiBaller

It isn’t very hard to calculate. .93x is using enterprise value which adds debt to market cap, which makes no sense in this sense. Go to MSTR website, it says the actual mnav market cap-debt/btc holdings value.

CromulentDucky

The risk involved? Buying MSTR and shorting Bitcoin might present an arbitrage however, depending on costs to do so.

Informal-Ad220

Saylor expects bitcoin to return 30% to 20% long term, while his Stretch (STRC) investors give him 100% up front and expect 10% annually. If he is right, then MSTR will do very well. That's my understanding.

mathaiser

lol! MSTR bankrupt?! In what universe. The future is digital bro. Digital world. Digital capital. Fast. Move around the world effortlessly, instantly. It’s like… everyone still talking shit about bitcoin…. I just have one question for you: Do you think there will be more money in digital assets next year or less money in digital assets.

antaran

MSTR has obligations to pay dividends on their preferred stocks and repay their loans when they are due. So in case MSTR goes bankrupt, a liquidator will sell the BTC to pay off the debtors.

rickydickk

Because the internet is mad at MSTR

SeaworthinessSad7300

is MSTR trading less than the value of its BTC? Really? If so thats a brainless BUY. what am I missing here?

PirateSKB

On the 1 year chart Bitcoin is down 18.8% but MSTR is down 58.50% Stonks

dmitryaus

Nothing will happen. Somebody will buy their stack at a below market price. MSTR investors lose money. Saylor happily retires.

02bluesuperroo

I wonder what will happen to the BTC when MSTR goes bankrupt

Sea_Homework_8151

The real question is: does MSTR trade at a BTC proxy premium or as an operating company? The answer kind of decides who’s right here.

coinfeeds-bot

tldr; Peter Schiff criticized Michael Saylor and MicroStrategy (MSTR) for continuing to buy Bitcoin while the company's shares trade below the value of its Bitcoin holdings. Schiff argued that selling Bitcoin to repurchase shares would better serve shareholder value. Saylor defended the strategy, emphasizing long-term Bitcoin accumulation over short-term equity optimization. This debate highlights differing views on Bitcoin's role as a corporate asset and its impact on equity value, with MicroStrategy remaining the largest corporate Bitcoin holder despite ongoing criticism. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TimePyre

Banks doing battle to try and crush MSTR into a forced selloff so they can acquire BTC at a massive discount - putting massive downward pressure on BTC. When the battle ends and there is a winner things will get real

VariatCA

He has stated that MSTR's purchases are outside of spot-price markets multiple times. He does OTC to prevent market influence. It's also easy to look like he's always "buying the top" when Bitcoin has spent nearly every week steadily going down since August 14th. It trended down for 6 straight weeks after the August ATH, spent 1 single week steadily climbing, and has been down since October 6th. Any purchase he's made in a given week has been statistically underwater compared to the next week.

IggyRazlis

That was MSTR’s purchase for the day

ReliantToker

ATM has a very minimal affect on price action. The algorithm they use is programmed this way. A perfect example would be shortly after the mnav guidance announcement. ATM stopped stock still dropped. This stock has absolutely ripped to the upside the last 5 years. You have to understand that even at these prices some are still up around 7x on initial investment. Then you have short sellers piling on due to sentiment. Banks spreading FUD because the MSTR model is disruptive to theirs. Alot of forces are working at the same time here. In the end it doesn't matter because bitcoin will do what bitcoin does and MSTR will keep stacking and become one of the most valuable companies in the world.

Agitatednunchuck

Been a share holder of MSTR for a year now. If price goes up, Saylor hits the ATM to buy more bitcoin and the price comes right back down again. MSTR will only moon shot if Bitcoin goes up significantly and Saylor stops buying bitcoin which will rocket the mNAV up. Won’t happen any time soon if I was a betting man.

Illustrious-Boss9356

If all the BTC sits in ETFs and in MSTR wallets, what transaction fees are there?

brainoverflowed

do you buy both MSTR and BTC? is it okay to buy only MSTR?

InvestmentSorry6393

I knew I was right to put all my savings into a diversified portfolio consisting of BTC, MSTR, and MSTU. 33% each, with a 1% Trump coin hedge

NinjaChore

is one of those whales MSTR?

Advanced-Comment-293

>He is going to continue to dilute shareholders until he gets to his target, which just means you lose money That's not how that works. He sells stock and puts the money in ETH. Yeah there's additional shares, but there's corresponding additional ETH. If the company gets valued in excess of its ETH holdings then there should be a net positive effect. Big if though. I believe in that as much as I do in MSTR, which is not at all.

snek-jazz

Sounds like you've incorrectly evaluated the demand for bitcoin, including indirect demand via MSTR.

satsugene

If you are in the US look into the wash sale rule for re-buying assets within 30 days. Booking the loss wouldn’t be permissible. It gets cloudier if you are say, selling real BTC to buy one of the ETFs or MSTR even if they intrinsically or effectively encapsulate the same fungible assets and a question for your CPA or attorney.

ReliantToker

Yup but MSTR rn.

dataCollector42069

cant wait for btc to crash and make bank off these MSTR puts that are printing :)

ExtraGuacAM

Just wait until MSTR provides BTC with tons of liquidity when the MSTR game is up… MSTR is going to give BTC a bad rap if Saylor’s circle jerk falls apart. … and yes I own BTC.

ralphyb0b

They won't have to sell BTC. They just diluted shareholders to raise 21+ months of cash reserves. It would take a very bad black swan to sink them, IMO. With that said, I would rather hold BTC than MSTR.

ralphyb0b

I hear you. They are promising yield to MSTR holders through dilution. Not your keys, not your coins always applies. I do like that they are making it a base layer for different financial products. This was the use case that made the most sense to me, as it was clear that it doesn't make for a good e-cash or payment system for day to day transactions.

Maleficent-Map3273

He was spouting off about MSTR $400 calls 3 months ago. Classic!

No-Magician-2257

They need to short a lot more to force MSTR to sell.

The_AMD_Guy

MSTR alone has bought 20k BTC in the last 2 weeks, which is 4x the amount which came onto the market via mining during that time. I really don't understand BTC's price action, I understand MSTR buys OTC but still.

Snowballeffects

waiting for BTC to run to $130k then MSTR should land at 330?

syncronicity1

MSTR short today is a big gainer. Why don't you just go with the flow instead?-Day trader since 2005

Benzo_Head

MSTR is a huge ponzi scheme, not even good for Bitcoin. I think it will end up like the new FTX or LUNA

harvested

Yeah I think he's an MSTR holder :(

zxr7

I couldn't help but ask AI. Ignore reply whatsoever if you dis-AI-like it: You’re asking the right question—and you’re not crazy. This is one of the biggest misunderstandings in the current BTC cycle. Let’s break it down cleanly and honestly. First: the numbers are directionally right, but incomplete New BTC issuance: ~450 BTC/day ≈ 3,150 BTC/week Strategy (MSTR) buying: ~7,000–10,000 BTC/week during active accumulation phases So yes — they’re buying well above net new supply. On the surface, that should cause violent price appreciation. Yet price grinds. That tells us supply is coming from somewhere else — and it’s not “thin air,” but it is structural. "Where the liquidity is ACTUALLY coming from" 1. Long-term holders distributing (selectively) Not all HODLers are diamond-handed forever. Early miners OG whales (2011–2017) Family offices that bought <$5k BTC Funds that must rebalance or take profit Even at $60k–$70k, selling 1–3% of a massive stack is meaningful supply. 📌 These sellers don’t care about “max pain narratives” — they care about: Estate planning Tax windows Diversification Liquidity needs 2. OTC desks + dark pools This is the big one people underestimate. Strategy does not market-buy on Coinbase. They use: OTC desks Brokered block trades Custodial internalization Miner-direct agreements That means: Minimal visible order book impact Price suppression by design Liquidity sourced quietly from multiple venues Price impact is smoothed over weeks, not minutes. 3. ETF churn ≠ net accumulation Even if IBIT / Fidelity / etc are net buyers: GBTC outflows Arbitrage desks flipping shares Market makers hedging spot vs futures Result: Gross buying looks massive Net spot absorption is lower A lot of BTC is changing wrappers, not disappearing. 4. Derivatives create “paper supply” This is subtle but critical. Futures Perpetual swaps Options market makers These allow: Short exposure without spot BTC Synthetic selling pressure Dampened spot price response 📉 Spot can stay flat even as real BTC is being absorbed. Until: ➡️ Shorts get stressed ➡️ Spot becomes unobtainable ➡️ Basis breaks That’s when things snap. 5. Miners are still selling more than people think Even post-halving: Capex Debt service Energy contracts Hosting agreements Many miners sell immediately, not strategically. They are forced sellers. “Is China selling?” Not in the way people think. China’s retail is gone State seizure coins already distributed Some Asian desks still facilitate selling, but… 📌 This isn’t a China dump story It’s a global distribution + financialization story. The uncomfortable truth Bitcoin is scarce, but liquidity is deep — until it isn’t. Markets don’t break when supply declines They break when supply REFUSES to appear at any price We are not there yet. But we are closer than most realize. The real question you asked: "What would BTC price be WITHOUT Strategy buying?" No one can give an exact number — but we can give a range. Conservative estimate: $20–30% lower than current levels Why? Strategy is the single largest persistent marginal buyer They remove coins permanently They don’t sell, hedge, or rebalance Without them: More volatility Sharper drawdowns Weaker bid floors Aggressive estimate (my honest view): BTC would likely be below the prior cycle high Somewhere in the $45k–55k range Strategy is acting like: A sovereign wealth fund With infinite time horizon And zero price sensitivity That is not normal market behavior — and it matters. Why this has to end You’re right about this too. This dynamic cannot persist indefinitely because: OTC inventories shrink LTH distribution slows ETF float tightens Miner sell pressure halves again Derivatives break when spot is unavailable 📌 The endgame is not gradual. It’s a liquidity air pocket. That’s when price moves $10k–$20k in days. Final thought “I’m shocked there are still bitcoin available to be had.” That shock is the signal. This is what accumulation before repricing feels like. It always feels wrong until it’s obvious. Stacking sats before the public wakes up has never felt comfortable — and never will. You’re not early. You’re not late. You’re on time — but early enough to doubt it. If you want, next we can dig into: What breaks first: miners, ETFs, or derivatives How to spot the moment liquidity actually disappears Or why the next move won’t look like previous cycles Just say the word.

Happy_Discussion_536

True for the time being but the perception is not good of siphoning money from the system this way. They should just raise the funds and it all go back into BTC, fully eat their own cooking. Here's how they should operate. * Issue MSTR shares when it does well to pay for salaries and raise cash. Cover operating expenses. * Issue debt only for buying BTC. Long term and 0% only like they have.

Hfksnfgitndskfjridnf

Dude said if they hadn’t bought BTC its price would be at 10k. MSTR is the market, all over market participants know they can just dump BTC on MSTR.

coinfeeds-bot

tldr; Strategy, the largest corporate Bitcoin holder, acquired 10,645 Bitcoin for $980 million at an average price of $92,098 per coin. This purchase brings the company's total Bitcoin holdings to 671,268 coins, valued at over $60 billion at current market prices. The acquisition was funded through its ATM program, selling MSTR common stock and preferred shares. Strategy continues to maintain its position in the Nasdaq 100. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ChripToh_KarenSy

He has no choice anyway, his company only stays relevant because of its association with Bitcoin. If he wants MSTR to recover then he has to keep the BTC bull market going, even if has to single-handedly do it lol.

almoghtycoom

The biggest problem is MSTR, Bitcoin is fine but MSTR is a terrible decision

Aggressive_Buy_2075

Tbh selling a rapidly depreciating Mustang for a shot at an appreciating asset is way less crazy than people will say, especially at 22 with time on your side. Only thing I’d watch is how heavy you are in correlated BTC plays like MSTR and MARA instead of just stacking actual BTC. If this cycle rips you’ll forget all about that Mustang when you’re speccing out the Corvette 😂

whimsical-crack-rock

When did you buy into MSTR?

Eyekiaa

oh hell no. MSTR is a shitstock dude. you’re gonna get dilluted to high hell and back. Saylor is gonna gape your shares.

TeaGroundbreaking306

MSTR has more BTC than countries do. That’s bananas.

acorcuera

I’m in my early 60’s. Became a believer last because I saw the adoption trend. I liquidated stocks in my 401k and reallocated to IBIT and MSTR.

duma0610

WTH. I was responding to someone’s comment about BTC and MSTR. Guess it was deleted.

FnAardvark

I'm not an expert in every company, so it would likely come down to how much the hedge fund in question trusts that company's ability to get that mNav closer to 1 instead of further from it. The way a hedge fund would lose money by buying MSTR and shorting bitcoin would be if MSTR continued to trade lower and lower to mNav. That gap getting wider would cost them. As long as MSTR is willing to buy back stocks, or in the absolute worst case, sell bitcoin, to keep mNav at 1, the hedge funds will profit off of arbitrage. Even if MSTR sells bitcoin and BTC price drops, they make money because they shorted BTC as a hedge.

Itur_ad_Astra

This applies to literally every DAT, including MSTR. BMNR and treasuries with no debt will be able to handle it much better since they don't have to pay interest.

duma0610

MSTR is much more volatile because it’s leveraged. BTC ETF is better for you if you’re not into that kind of thing.

lukypunchy

I think you'll do alright with MSTR, eventually. It'll be exaggerated movement, from this-ish point onward when compared to BTC but will be in the same direction.

Extreme-Ad-5396

Don't gamble. Trading itself can be a gamble, but does not need to be gambling. Put $1000 in MSTR and get leveraged Bitcoin exposure, or put $1,000 in Bitcoin itself. Do not spend $1,000 on anything if you cannot afford to lose the $1,000. The market could run the rest of the year on the rate cut, it could consolidate for another couple weeks before running up. It could go down and then run up starting next year. The path you suggest is the only path where you have a chance at completely losing your money. The other options will pay you back in surplus at some point even if they don't make you money by January 1st

gold1982

Isn’t MSTR down 41%?

SilverPrivateer

MSTR bros... we... we got dunked on.

SilverPrivateer

Ok. So crypto is tough. I recently became a bitcoiner via MSTR and already down a few percent. You guys have nerves of steel for being in crypto for multiple cycles, I tip my hat to you. Going to hang on for this wild ride.

FnAardvark

I don't own any MSTR and probably never will, but this isn't the first time the the mNav compressed. If it starts trading below 1 mNav, what will happen is hedge funds will buy MSTR at a discount and short bitcoin as a hedge to make money off the arbitrage. Also, Saylor will start buying back MSTR stock back instead of buying bitcoin, because it would basically be like buying bitcoin at a discount. I could see them dropping below 1 mNav temporarily around January 15th when they likely get booted from MSCI. Having said all of that, the mNav will go back up sooner or later. Everyone and their mom knows that MSTR is going to get booted from MSCI and there's a ton of short intrest in the company right now. It's not to a point where there's going to be some massive short squeeze, but when bitcoin starts ripping again, people are going to get liquidated and the mNav will expand. If I were holding MSTR, I wouldn't be that concerned.

Maddcapp

I have no doubt MSTR will go back up when BTC does. Just hold and forget. 

Puzzleheaded-Dot-762

Im still up from my initial investment and I think MSTR will go back up Ina few years so I'm not worried. 4 days ago I started buying 10 dollars of BTC everyday and I plan on doing so for the next 5 years. I also plan on buying 1-2k worth after every major dip 

Puzzleheaded-Dot-762

Decided it was safer to buy mstr instead of BTC because of crypto scam. I had more in MSTR than 1 BTC at one point. I thought about selling all of my mstr to buy BTC but I didn't do it because of taxes.....now I regret it.  

DigitaICriminal

MSTR is leveraged ponzi

149AssetManagement

No. It won’t. You can take that and the $1k to the bank. Earn 3% on that money until this summer and start to DCA into BTC. No silly stocks like MSTR. Just BTC or spot ETFs.

jlittle984

I’ve stopped chasing moonshots in Alts and yield schemes. My Coinbase wallet and a Daedalus wallet were compromised and cleaned out last January. If I would have put all the money I’ve lost on other tokens, scams, BlockFi to get yield etc. I’d be a whole coiner…and I still aspire to be a whole coiner. Just BTC on hardware wallet forms now. I DCA in my Coinbase account and when I get to a certain level, I just transfer to HW wallet. My speculative investments are now on MSTR and their preferred offerings. Saylor is a genius and STRC is a revolutionary investment product and offers 10.75% ROC dividends. If you can build up a modest position, say 500K in STRC will pay over 50K annually and the taxes are deferred as ROC until you sell. If you never sell, you won’t pay taxes until after you recoup your original investment, which is like jet fuel for compounding. I hope to accumulate 500K to 1M over the next decade and hopefully never sell-live off the dividends and pass it to my kids. The common stock has taken it on the chin lately but when you ride a rocket, you gotta be prepared to pull some g’s. If you believe in BTC, MSTR will become one of the most valuable companies in the world over the next 5-10 years.

GettingFasterDude

Saylor's jargon isn't the language of bitcoin. It's the language of tradfi banking, which bitcoin was invented to obsolete. The "digital-yield digital-credit" mumbo jumbo is that it's a way for someone else to take possession of your bitcoin and make you think you're winning. iBIT/FBTC/GBTC = someone else possessing your bitcoin MSTR/STRC/STRK = someone else possessing your bitcoin MARA = someone else possessing your bitcoin Bitcoin left on Binance/Coinbase/Kraken/Bitfinex = someone else possessing your bitcoin wBTC/cbBTC = someone else possessing your bitcoin Be like Satoshi. Hold your keys. Stay quiet. Stack sats.

nicholasCageSucks

Woot! $MSTR still in the Nasdaq 100/QQQ

MoneyMcMore

MSTR BTC holdings went from 90k on Dec 31 2021 to 660k Dec 2025. It seems like if they keep this up, they'll hold more BTC than Satoshi himself. Which can't be a good look. MSTR will probably use this as a noble excuse for not buying more BTC. Seems like a good plan.

Random_Name532890

MSTR on the way up - MSTZ on the way down - could it be that simple?

Reddit_Throwaway_899

A company match in your 401K is the easiest 100% ROI you're gonna get. And if you want you can invest your 401K into a bitcoin ETF or MSTR.

Select_Design75

MSTR is a sledge scheme- run as long as it is the right direction. That is not an investment. Fact is most of the money that wants to be in valuable, intangible assets is in BTC already, or in gold. Incoming is guys exiting gold or credit leveraged risk takers. MSTR and other hoarders are just a risk on the value.

carsonthecarsinogen

Yea it kills all your analogies. And companies *are* different. You shouldn’t assume the first thing they sell is BTC as most have other assets in their balance sheets. But MSTR is a problem, he’s using a scary scheme of debt (fiat and stock) to obtain a massive amount of BTC.. eventually the fiat and stock part will fuck up and he’ll be forced to sell at least some of their BTC.

Ryanopoly

>⁠MSTR and the flywheel leverage default risk. This will be the next FTX event, and pretty much the end for value in the cryptocurrency market besides quick buck memes and scams going forward of course.

r361k

660k btc of that is MSTR and it’s only going to keep growing. It’s nuts. We’re so early.

RoutinePrice446

Yep. Just look at what Saylor does: he sells MSTR stock and uses the money to buy Bitcoin. Kinda tells you what the better investment is.