MSTR

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.

NochillWill123

Welp. I don’t even know why I bother. I’m selling my MSTR call’s tomorrow morning. I’m over this price action, held since OCT.

Datsyuk420

You have to buy something... I have FBTC (Most of my portfolio), MSTR, XXI, ASST...

Laukess

Or it's the same people that would have bought bitcoin on an exchange that just switched to IBIT and MSTR. Figma holding bitcoin is significant. MSTR buying bitcoin on it's shareholders behalf is not. You can argue that MSTR is doing something novel that has value, but them holding bitcoin on behalf of their shareholders, compared to their shareholders just holding bitcoin themselves isn't telling you anything about institutional adoption.

FamousPussyGrabber

Last year I bought shares of MSTR in my Vanguard ROTH account after discovering it was not permitted to buy any direct BTC ETF. They are a pretty major player in the retirement space. I think they just changed their policy in the last few months.

quintavious_danilo

try r/MSTR bro

djejjeff

As long as MSTR could print new shares and sell them at a premium and buy more bitcoin, the number of bitcoin per share increased. This made the premium increase even more, which created a positive spiral. Now, they can't do this. Thus there's nothing driving up the premium. I find it hard to identify a trigger that will drive up the premiums right now. On the contrary, there are potential triggers that might drive the stock price down. For example if MSTR is removed from MSCI indexes.

Used_Statistician_61

Why do you think it will take long for MSTR to trade at premiums?

djejjeff

I think it will take a long time until MSTR trade at significant premiums again, even if BTC v goes up, which I believe will happen...

pop-1988

No, the custodian doesn't accept the risk. The funds are held in trust, and the fund value is a large multiple of the custodian's own assets. Even if they did accept the risk, they don't have spare billions lying around to compensate the loss. The contracts are secret, so we don't really know. The other commenter makes assumptions about liability and competence, but has no knowledge to justify those assumptions It doesn't make sense for the custodian to accept the risk, so my assumption is that the institution loses the funds. But the institution doesn't fold either, because they don't have an obligation to compensate their investors Lost keys are a huge risk. Theft by hacking or embezzlement is a much lower risk. If the funds are lost due to lost keys, the investors lose. If it's an ETF, the ETF's value falls to zero. If it's MSTR, the share price collapses Custodians are insured for a few hundred million USD, and the claims are limited to specific events, not including management incompetence which leads to lost keys. The insurer definitely does not fold

harvested

Those companies can out perform, but they can also heavily underperform, especially during a bear or sideways market. I would make sure you're 90% bitcoin at least, if you wanna put 10% in TCOs then maybe MSTR seems decent. XXI is brand new, they have done nothing to prove themselves so it's just a bet on the people running it. Fair enough if you want to take that bet. No clue about ASST, but the salaries of these companies are so high, the insiders are taking million dollar pay days.

TestNet777

Retirement accounts are either offer a self directed account or they don’t. If they don’t, you can’t buy MSTR. You might be able to buy a BTC ETF if the plan has it as a pre-selected fund. Most don’t but some do. If the plan does offer self directed then you can buy anything you want including BTC ETFs or MSTR. So, there is no version of 401k that you can buy MSTR but not BTC ETFs.

Datsyuk420

I regret not doing more research before buying. I should have bought more MSTR or ASST.

deij

That doesn't really mean anything, most people would rather hold bitcoin than a bitcoin treasury, buying XXI or MSTR is just gambling.

Confident_Section568

Below $90k is a loss voor MSTR's BTC position

Confident_Section568

$90.651 is now the average buy price of MSTR's BTC's This was $75k a couple months back So below $90k his position is already at a loss Like what is going on here

Tossmefamfr

Try being a MSTR bag holder and being down 45-60% after ape-ing in at ATH🫡🔫

mathaiser

My MSTR leaps are going to make me rich.

GrowingPainsIsGains

Look we’re half way to next halvening. This last bull run has been insanely long due to institutional investing (MSTR, ETF’s, etc.). We might as well just start accumulating for next halvening.

HumanNo109850364048

Some think MSTR will topple and dump massive quantities of BTC on the market, thus tanking market price

antaran

> They issue debt at 0% which only converts when the price of MSTR goes extremely high. These days are long over. They primary mode of finance are ATM preffered stocks with dividends of 10% and higher.

rolandb3rd

MSTR puts

djejjeff

The best case scenario is that he stays at 3% for several years now. I think the days are gone when MSTR is valued at 2x premium...

Friendly-Profit-8590

I own MSTR but this sounds a lot like Saylor trying to get some way deeper pockets in on buying bitcoin.

TestNet777

There is no retirement account in existence that lets you buy MSTR but not a Bitcoin ETF.

Bubbacarl

Hopefully it moves. MSTR buying all that bitcoin and BMNR buying all the Eth and we are flat? We should be pumping

Hfksnfgitndskfjridnf

Where is MSTR getting this fiat to loan out? They only have BTC. If you own BTC and want to take a loan out against it, you are doing what MSTR is currently doing. So you want MSTR to start doing the exact opposite? Do you not understand? In order for MSTR to make money off their BTC stack, people would be borrowing MSTRs BTC, not borrowing against their own BTC. MSTR can’t give loans to people with BTC as collateral because they have no fiat, they only have BTC.

Friendly-Profit-8590

But that’s why people are shareholders of MSTR stock. Anyone who’s a long time holder of MSTR and is complaining about their bitcoin acquisition hates money cause the stock price is way the fuck up.

Confident_Section568

Well I assume they cant just ask their money back But people can sell their MSTR and then how is he gonna deflate it even more? Will his BTC stack make it profitable to buy then Even if you can buy BTC yourself Well BTC has to dump below $75k for that Maybe the 4 year cycle is truely over but never seeimg $50-75k again I aint buying it... maybe im crazy

VariatCA

I can't speak to what Saylor envisions as the "endgame" of that company. At *some* point down the road he needs to put their stockpile to work, as a bank would nowadays with cash reserves. My concern with MSTR begins and ends with trying to understand their financial stability and if it poses an immediate risk to Bitcoin's price. So long as they're stable and keep to their accumulation. It may go sideways "some day" but they're not at risk of arriving at that day *anytime* in the near future, financially.

VariatCA

I should clarify that Strategy (#MSTR) doesn't pay a dividend on their common stock, but they do pay dividends on their preferred stock STRC. They basically sold and diluted their common stock to raise & secure cash funds to pay out this preferred-stock dividend for STRC through basically all of 2026. I'm not in here trying to argue merits of buying their stock at all, and I own none of their products. The intent of my original post was just that with pressure reducing on them, confidence can return to BTC buyers that Saylor won't flood the market with cheap Bitcoin in a pinch.

SammyCraigar

It all seems determined on not selling a single Sat, to ensuring a frosty balance sheet for the company, I have less conviction for the peeps holding $MSTR or any propagated derivative shoe string.

dj_destroyer

Who is going to margin call him? Shareholders? That's not possible. MSTR has very little actual debt via loans, it's all convertible notes and share issuances.

VariatCA

MSTR holders definitely aren't out of the woods yet either, yeah, still down around -60% from July's high. Though compared to Bitcoin their investors also have to deal with dilution / debt / dividends / insolvency concerns. I'd imagine that some of BTC's recent downturn revolved around de-risking from the asset over MSTR concerns of potentially being forced to sell to cover expenses. If one was worried they would start saturating the market with BTC sales, they would sell first prior to that affecting the price. If concerns over them having to sell BTC are silenced, that can allow confidence to return to the market in that regard.

jsands7

Michael Saylor merely had to MENTION that he MIGHT sell some of MSTR’s Bitcoin and it noticeably altered the trajectory of Bitcoin. I can assure you that there are ways to crash the price of Bitcoin while only buying and never selling.

VariatCA

It's been a mild relief seeing Strategy crawl its way up from the lows last week. Pressure appears to have at least temporarily subsided as they unveiled that their ability to pay their dividends are secured through at least 2026. It's anyone's guess what percentage of Bitcoin's recent turmoil was related to uncertainty in the world's biggest BTC holding company struggling, but hopefully that relief can exert and reflect more confidence in BTC/Crypto moving forward. MSTR even posting a green day like today while stocks/BTC were slightly down has been a very rare sight lately lol.

jsands7

“Prices are being manipulated” (by places like MicroStrategy, for their own BENEFIT) yet people on here speculating about MSTR getting liquidated lol

Happy_Discussion_536

Edit: and just to be clear they will have zero problem paying off all debt either through conversion, massive profits or regular dilution as long as BTC doesn't have a 5 year bear market What your missing is that it's no different than AI companies raising debt to fund the chip and CapEx cycle. If the Fed keeps printing MSTR will easily find new debt. And as long as fiat keeps being debased it will work. If you're so confident US will stop going into debt and printing. Short it BTC. See what happens lol.

Happy_Discussion_536

What your missing is that it's no different than AI companies raising debt to fund the chip and CapEx cycle. If the Fed keeps printing MSTR will easily find new debt.

Friendly-Profit-8590

Yeah. Bitcoin would be in for a hard time if he’s forced to liquidate. However, as long as he can raise money to cover his debt obligations, that day won’t come. As it stands it won’t get here in the near future since they put a billion or so aside. Think it’s more likely the government, SEC or some other entity tries to force a divestment before MSTR would be forced to sell on their own accord. Buts that’s just me.

jsands7

I agree. But MSTR has become too big to go down quietly: if it fails then bitcoins fate will be intertwined with it to a large degree

biba8163

Remember ETH Maxis made a site mocking Saylor for buying BTC over ETH and even created a site to expose his foolishness... > MICROSTRATEGY (MSTR) BTC HOLDINGS $ 2.679 billion > IF THEY HAD BOUGHT ETH INSTEAD, THEY WOULD NOW HAVE $ 5.596 billion https://np.reddit.com/r/CryptoCurrency/comments/ylroaa/what_if_microstrategy_had_brought_eth_instead/ ...and they started looking really stupid > MICROSTRATEGY (MSTR) BTC HOLDINGS Invested: $ 30.360 billion, currently worth: $ 45.652 billion (50 %) **(2025)** > IF THEY HAD BOUGHT ETH INSTEAD, THEY WOULD NOW HAVE $ 31.455 billion (4 %) https://web.archive.org/web/20250221180630/https://www.blockchaincenter.net/en/there-is-no-second-best/ So that Website now directs to a site that tracks MSTR buys/holdings lol

jsands7

One MUCH smaller player than MicroStrategy got liquidated on October 10th and it caused $20,000,000,000 to be liquidated from the cryptocurrency markets. If MSTR busts, possibly causing Tether/stablecoins to become unstable… you can plan on HODLing for a LOT longer…

agumonkey

that insider call to short before MSTR dumps will be legendary, maybe he could short his fall with 1000 bucks and becomes a billionnaire again

PopLegion

The only reason they are able to issue this debt is because of the expectation that they will continue to issue more and more debt, in perpetuity. When you are loaning to MSTR, to allow them to buy more Bitcoin, you are getting fucked immediately, as your money is being used to buy Bitcoin, but you aren't receiving an amount of shares in proportion to the money spent, compared to just buying Bitcoin instead. The hope is that MSTR will continue to take our more debt and buy more Bitcoin, so eventually your holdings will represent a larger chunk of Bitcoin. But if that becomes less and less likely, the property of loaning to MSTR makes less and less sense. It's very literally a pyramid scheme.

Happy_Discussion_536

There is no margin to call. The debt is 0% at super long duration. Obviously if BTC dies by then so does MSTR. But if he's right about the direction of BTC he prints.

Happy_Discussion_536

You're using circular reasoning. "I am right it has no value therefore I am right." The entire argument hinges on whether BTC is going to be legit long term. Obviously if you think BTC isn't going to be around then MSTR is a terrible investment. But if you think BTC will appreciate it's business model is sound.

Happy_Discussion_536

It's a little more complicated than that. They issue debt at 0% which only converts when the price of MSTR goes extremely high. This in turn allows them to keep buying BTC and making money on it. As long as Fed keeps printing (QE3 is almost guaranteed to start soon) and credit markets remain extremely liquid, this strategy will work.

Happy_Discussion_536

MSTR can play its game for a long time as long as investors push up the price and credit markets keep throwing cheap money of long duration at them as well.

colemab

Most 401k plans still don't allow for the bitcoin ETF to be purchased but they allow for MSTR. And that is the loophole.

Jdamb

Imagine the clearity act deciding that BTC is a security not a commodity. Then regulating it to death. That test is comming soon. The coins that are commodities will be the backbone, securities are shitcoins. That one decision will make or break MSTR. That day will be a turning point to decide what machine rips itself apart. Only a digital commodity can be money. Have some puts at the ready and understand delta neutral trading. Dont sell BTC just add some puts when needed to get neutral and CYA

PandAlex

Why buy MSTR when you can just buy bitcoin?!

Lfeaf-feafea-feaf

He's definitely not a genius. MSTR has an average purchasing price around 70K, that alone disqualifies him. Whether Bitcoin goes up or down is completely outside of his control; world economy could go into a recession, Tether could implode, Satoshi could suddenly show up like "yo I need to buy an island" etc. etc. The fact that there's at least 3 plausible scenarios where he doesn't survive is enough to conclude already that he's simply reckless. If everything goes fine and Bitcoin doubles or more, he is lucky, not a genius, same as a guy playing blackjack.

digitFIRE

MSTR now owns around 3% of all Bitcoins, a lot more if we account for the lost keys. Institution ownership of Bitcoin was inevitable, and I like that MSTR is a permabull, but they own way too much. I can’t imagine what the benefit would be if MSTR owns 5, 8, or 10% of all Bitcoins.

BeneficialChemist874

The inevitable MSTR collapse

HawkSalty2645

At this point MSTR is basically a wrapped bitcoin etf with a pulse, polymarket’s btc year end markets gonna be chaos after this because every time he buys, retail treats it like a fed announcement

SimpleMoonFarmer

$MSTR, like many others, will just buy BTC: 1. It goes up: buy BTC. 2. It goes down: buy BTC. We call it "DCA". * In the first place, fiat is guaranteed to lose value, for inflation. * In the second place, as more people realize the value of BTC, its price will go up. It is all about the propagation of information, markets are neither perfect not very efficient, at least in some cases. We are still somewhat early.

YogurtCloset3335

What goes up must come down. MSTR is sitting at like 10000% up so a healthy correction beyond what we've seen would not be a surprise.

sker13559

A millionaire with zero reading comprehension and an inferiority complex. OK you win the internet with your 3mil paid off house lol. Projection and insecurity. Strawman arguments all of them. We were talking about MSTR FUD remember. Nice edit on your previous post. Grok do that for you? Crypto cowboy huh...so spicy! There are so many strawman arguments in your feeble minded rants. Firstly, I never said anything about MSTR being the only vehicle to financial freedom. I am one of many in my circle that bought MSTR early. Its not that special actually. Good luck and future success.

Admirable-River-3244

This is not investment advice —- Purchase MSTZ 15 minutes after the open if MSTR is Green.

shimanospd

Wow, monster gains, respect. You’re basically the only person alive who correctly priced the embedded cheap convexity in MSTR’s perpetual convertible stack and rode the accretive dilution engine from sub $20 to 20x while the rest of us plebs were stuck holding unlevered spot beta and paying drag on our pathetic ETFs or worse.. cash holdings. Absolute legend. Literally the lone winner in the entire risk premia distribution. How do we award you with a Reddit badge? You should start a YouTube channel or write a book.

sker13559

What a strawman. I was specifically talking to the people who are actively FUDing MSTR. The ponzi and pyramid scheme references. And specifically why would you buy? Answer, because every share holder accumulates more of the underlying asset. My initial buy of MSTR was at less than $20. I cashed out the majority over $400. There will be more cycles. This just sounds like the same old BTC FUD we have been hearing forever. You went on a wild tangent there. BTC, FBTC, and MSTR combined is less than 20% of net worth including real estate. You made a lot of assumptions. Look beyond what exactly? Whats are your allocations? Teach me something.

shimanospd

Yeah, I do wonder why, why every time someone points out that gold, real estate, foreign stocks, or literally any other inflation hedge exists, the MSTR maxi cult screams “FUD!!!” like you just mentioning other assets is a personal attack. It's not. I own bitcoin myself. Bitcoin is 16 years old. Gold has been a store of value for 5,000 years. Real estate has worked forever. Swiss francs, Japanese stocks, commodity funds all of them have protected wealth from dying fiat currencies without a single sat involved. Asking “why not just buy the BTC directly or an ETF instead of this convertible-debt circus?” isn’t “believing the strength of fiat” or cheerleading fiat, it’s literally the most basic due diligence question ever. Pretending that question = blindness is peak cult energy. Look beyond, or don't. Whatever. I'll keep taking a multi prong approach to protecting myself from fiat debasement. Thank you.

sker13559

I assume that people will figure it out. Do you know the answer to "why someone would buy MSTR instead of raw BTC or an ETF? There are entire threads repeating a negative narratives on every platform simultaneously. Do you wonder why? Every share holder that has held for any reasonable amount of time owns more BTC or Satoshis per share today. More BTC for the initial investment. That is called leverage. So yes people who dont understand need to stop spreading FUD they heard, and instead do some research for themselves. There is room to own all three. BTC, ETF, and MSTR. All for different reasons.

NeoDynomite

You’re mixing up MicroStrategy with an actual bank and applying banking metrics to a strategy that isn’t a banking strategy. MSTR isn’t trying to earn a 1% ROA on lent-out capital. They’re not doing fractional reserves or lending deposits. They’re executing a leveraged treasury strategy — borrowing cheap dollars to accumulate the hardest asset they believe will outperform every liability on their balance sheet over a multi-decade horizon. Overcollateralization isn’t about maximizing yield like a bank. It’s about minimizing liquidation risk while holding a long-duration asset. And your “10% drop erases 10 years of earnings” assumes Bitcoin has zero appreciation over that same decade, which completely removes the entire thesis from the equation. If BTC didn’t appreciate long-term, the strategy wouldn’t exist in the first place. MicroStrategy’s return doesn’t come from traditional banking spreads. It comes from Bitcoin compounding faster than their debt costs. Treating it like a commercial bank model leads you to conclusions that don’t actually apply to what they’re doing.

Expensive-Tea-4194

You know something?? I just have to say it. All of you who insulted people like me who invested in MSTY... What did YOU get by investing in MSTR? You know what was so sweet about investing in MSTY instead of MSTR? I wasn't a "bag holder". Sure MSTY went down along with MSTR... But I was collecting dividends every. Single. Month. You can say "But.. But dilution!"... So what? You invested in MSTR and are probably down 50%-70% and collected no money from it at all. I'm down 60% in MSTY... But I've been collecting dividends the whole time. MSTY proved to be a better investment than MSTR. If you were invested in MSTR, you didn't make your money back. You didn't make squat. I made all my money back from MSTY already. There's nothing you can say in retort. If MSTR goes back up, so will MSTY and the dividends will improve too. MSTY investors won. MSTR investors lost.

Present-Ad-3550

Other way around. Although if something happens to MSTR there'll be short term pain for sure

Happy_Discussion_536

Would be hilarious if they go into bankruptcy and people get filthy rich going all in on MSTR for pennies because it takes so long forcing them to sell. By the time all debts are paid shareholders make 100 baggers.

Hfksnfgitndskfjridnf

My problem is with the BTC yield metric. By introducing this metric they are falsely implying that somehow MSTR is creating value, they are not. If they were creating value then what happened? BTC yield was 48%in Q4 2024, 11% in Q1 2025, 7% in Q2 2025, 5% in Q3 2025 and now negative 1% in Q4 2025. What happened? Did they forget how to create value? No, they were never creating value in the first place. They were transferring it from new investors to old investors. And guess what, looks like they’re out of new investors now.

coinfeeds-bot

tldr; The National Bank of Canada has made a significant investment in the Bitcoin finance company Strategy (MSTR), acquiring approximately 1.47 million shares valued at $273 million. This move highlights the bank's growing interest in cryptocurrency-related assets and reflects increasing institutional involvement in the crypto sector, as reported by BitcoinTreasuries.NET. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

binary_quasar

How are *we* going to need it? Did anyone here claim to have a stake is MSTR besides just owning bitcoin? If you're talking about the risk of bitcoin dropping in price because your MSTR FUD fantasy comes true, then most long-term holders probably wouldn't lose their conviction on the future success of the asset. In fact., a lot of the people that have been in the space for years would be happy or relieved that MSTR failed because they don't like the idea of Wall Street types having that much of a stake in the game.

snek-jazz

Yes, as an older investor myself I agree with what you've said, but also what I said was true. If they like MSTR they've a chance to buy more a lot cheaper now. If they don't like MSTR then they were tourists, and tourists don't generally win in markets. It was a skill issue to understand the mNAV and what the possible outcomes were. I mean I was holding MSTR at prices up to almost 3 times higher than the current price and I didn't sell it all then. I knew it was a very possible outcome that mNAV may compress to the 1x area where we are now, but I *chose* to take the risk that it wouldn't or that btc would have a bigger rally into the end of the year than has happened so that even at a low mNAV price would be higher. The information is there, the game is to process it and make accurate predictions, same as markets in general.

Hfksnfgitndskfjridnf

At the end of Q3 2024 the total investment in MSTR stock was 6 billion. At the end of Q3 2025 the total investment in MSTR stock was 33 Billion and increase of 27 Billion. Almost all of that 27 Billion is now at a loss. So 80% of investors in MSTR have lost money, and that money the new investors put in has greatly benefited the older investors. If MSTR hadn’t raised that capital the stock price of MSTR would be sub 50$ right now.

processwater

MSTR sold Bitcoin in '22

Easik

Loans are a last resort and probably about even with the likelihood they sell BTC. All of their BTC is unencumbered (aka they have no collateralized loans). They have 21 months of cash to pay debt obligations and that's assuming they can't raise more money. So we have a loose guarantee they won't sell BTC in the next 21 months. I can't see BTC being worth less than what MSTR paid for them ($77k) in 21 months, but I guess anything is possible.

Easik

I don't have a position in MSTR. I don't think his model benefits stock holders, he'll continuously destroy shareholder value to get more BTC. They are absolutely on a race against time and BTC price appreciation while simultaneously contributing to BTC price appreciation. I wouldn't bet on him selling BTC in the near term though. If they can start generating revenue with BTC backed financial instruments, it'll make the business a bit more investable / palatable from a risk perspective.

USAF76-98

Totally agree with 5-10%. I’ve got 4.7% of my portfolio in crypto: BTC, SOL, MSTR & BMNR. Year to date, my crypto is -7.6% Anyone invested more than 10% is sweating bullets …

Top_Algae9458

People who buy at ATH then freak out, sell, lose money.... It happens over and over again. It's easy, just DCA at regular intervals and don't worry about it. Bit sad about My MSTR shares at the moment, I'm sure that will work itself out....

quintavious_danilo

What did he do? I’m invested in MSTR a while now. He’s buying, not selling. Phong Le was talking about a hypothetical scenario, if that’s what you‘re hinting at?

TechnologyMinute2714

Bro's going to be like those that shorted, aiming for $13k when FTX collapsed then get liquidated because he's waiting for the doomer scenario not realizing his midwit take on MSTR isn't short term nor enough to counter the upcoming massively bullish macro environment in the global economy.

Ok_Entry8310

Introducing dividend paying preferred stocks was just absurd. I, an MSTR bag holder with 400$ average cost, know will never make my money back unless Bitcoin hits 200,000$, because not only i have to suffer from Mr Asshat diluting the stock, but also paying off dividends.

Apprehensive-Bar3425

It all depends on the price of bitcoin. If you think bitcoin is a Ponzi scheme then so is MSTR. If you believe bitcoin is going to keep growing forever then MSTR is the best stock you can buy

Shaykh_Hadi

Maybe you’re old? I don’t know. I can see 10 million within ten years. Alts are rubbish. They have no longterm prospects. If you want a higher increase, there’s MSTR.

AnyPortInAHurricane

I want to personally thank so many here for the short ops in MSTR

Rich_Account_10

Thing couldn’t even bounce above 100k pathetic… now saylor will likely have to sell some which will cause an avalanche.. powers in the world will short this non stop until MSTR is forced to sell then they will stop and we will see what price btc ends up at…. Worst case scenario probably 50k but if gets thst low that is scary for everyone as so many companies will be forced to liquidate and outflows from ETFs will be off the chart

1A655A9CEC05B28E04

Yes it may be the same effect at the same point in time but you have to look at the bigger/longer picture. Not selling BTC means that when btc moons, they capatalize on all the gains, let's say they sold 50% of their btc stash, they'll only capture only 50% of what could've been captured if they didn't sell. The inverse is also true but why are you buying MSTR if you don't believe in BTC?

GreedVault

If MSTR ever sells, that will definitely unlock another bear season.

coinfeeds-bot

tldr; Bitwise CIO Matt Hougan asserts that Strategy (MSTR) won't be forced to sell its Bitcoin holdings even if its stock price drops below net asset value (NAV). Despite concerns raised by CEO Phong Le about selling Bitcoin as a last resort, Hougan highlights the company's strong financial position, including $1.4 billion in cash and no debt due until 2027. He dismisses fears of a massive Bitcoin sell-off, emphasizing that MSTR's situation is stable and unlikely to impact the Bitcoin market significantly. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ReliantToker

Presumptuous little gremlin aren't you! I'm 60% BTC 40% MSTR. Gold is old money, and inferior to bitcoin in many ways, but a more reliable measuring stick than fiat.

HomelessInASuit

None of this was speculation. You can literally see it on the charts and in the way volume, and shorts were being piled. They fired every single bullet in the chamber to fake the push to 127k. Once they couldn’t sustain the run up, and our orange leaders horrific tariffs, and crypto fraud schemes revealed there was actually nothing real behind the push. It has fallen ever since and looking for a true support. Then you had MSTR mNAV almost dropping below 1 and a market that’s literally too afraid to report its own data. This is just GME all over again. When in doubt they’ll repo it out. BTC was about to abridge all the way back to supports at 73k until the shorts got greedy. (Go ahead check the forex Data) CZ, Armstrong, and the exchanges do what they always do. Spark a fake liquidity drive, run a story (This way Vanguard ETF funding, bullshit it’s been around for years) spike insane volume candles out of thin air and pump another run clearing the shorts and providing short term stability. You’re actually clueless if you think any of this is speculative. Writing was everywhere.

Affectionate_Knee_96

I’m in my early 20’s so I’m not into real estate yet, I do have some MSTR. But that’s been a rough time 😂 should’ve bought some Tesla earlier this year but I stuck it out in MSTR. Once I understood BTC I realized everything else isn’t as good.

JDovah

Yes, as Bitcoin gains more adoption, its volatility will decrease. I believe the main reason the previous bear cycle was so severe is because of the amount of black swan events that happened in 2022, this is something a lot of newbies probably don’t know about. Combined with the state of the post covid global economy, it created the perfect conditions for the huge crash we saw during that year. So it’s likely this bear market won’t see as big of a downturn, unless a series of black swan events happens again, one example that comes to mind is MSTR selling their BTC and collapsing.

baIIern

>Earlier this week, Michael Saylor’s bitcoin treasury company Strategy (ticker MSTR) established a $1.44 billion U.S. dollar reserve to support dividend payments on its preferred stock and interest on its outstanding debt. Ooof. Later on it will all look so obvious in hindsight...

Sonster111

yeah the MSTR worship is kinda wild. theyre just borrowing money to buy BTC, if rates stay high or BTC drops hard the whole thing gets sketchy fast

MaybeOnFire2025

[](https://www.reddit.com/user/MaybeOnFire2025/)Question -- I didn't know squat about MSTR until recently. As I understand it, the core idea is the belief that bitcoin will never go down in the long run, so they buy and hold. Claim to never want to sell (except for the recent caveat). I also understand that bitcoin doesn't produce revenue. I further understand that they just diluted their stock to pay existing shareholders a dividend. Questions: 1. How do they generate revenue, other than by stock dilution? 2. Does this dilution, coupled with the recent "well, *maybe* we will sell BTC if we need to" announcement, mean that other equity is essentially not available, and that it's dilution or (or then) bust? 3. If I am correct about #2, and they are paying *existing* debt obligations with diluted new equity...how is this not a Ponzi scheme at this point?

LargeSnorlax

OP also has no idea what he's talking about which one again makes me sad that such nonsense reaches the top post pretty much daily. Bitcoins entire proposition is decentralized money you dont need a middleman to transact with. Spoilers: Financial institutions adding middlemen has nothing to do with Bitcoin whatsoever. People speculating on price and making products around it has nothing to do with the core mechanism. If MSTR and the ETFs disappeared tomorrow Bitcoin would be entirely unchanged. The price might drop but again, price is not "how good Bitcoin is" and someone owning a lot of Bitcoin has nothing to do with how it works. The literal entire point of decentralized money is that anyone can use it. Businesses using it *is* the point.

harvested

You sound like you're discussing the stock/company here. I'm not suggesting you buy it. We're here for BITCOIN, buyer or seller MSTR is irrelevant. If you want to discuss the company itself - go to that sub.

TheDirtyOnion

Long term maybe, but MSTR has created a bunch of near term liabilities that need to be paid in USD.  So if BTC drops a bunch over the next 1-2 years they might be forced to sell at a loss to finance requires payments on their debt and preferred equity.