MSTR

arttu_pakarinen

thats a % MSTR value is 41 000 000 000 dollar ths is 41 billion so you take almost half a billion, we are in the 1-2% range of the value.

Impossible_Excuse937

I’ll take sideways for a while, let me stack a bit more and buy some more MSTR in my ISA.

deltamark_btc

the cost basis headline misses the real trader risk. MSTR trades at a premium to its BTC NAV when sentiment is good - that premium can compress 40-60% even if BTC only pulls back 15-20%. company treasury is fine at $8-10k BTC, shareholders aren't protected the same way. different exposure.

MediocreTax7927

I will. Do you have any other sources of information that you feel helped you? And if I’m not to much of a bother. What do you think of a stock like MSTR vs owing BTC itself?

PopLegion

Common share holders own MSTR, MSTR owns Bitcoin. So common share holders own BTC on the balance sheet. It's not an etf, so it's worded weird like you pointed out. But if common share holders don't own the BTC, who does?

PopLegion

Well that's just not true at all lmao. If MSTR were to go bankrupt for whatever reason, creditors, preferred share holders, than common share holders would have claim to assets left on the balance sheet.

Less-Information-256

Instead, MSTR represents an ownership stake in Strategy’s equity. Strategy, in turn, owns encumbered BTC as well as its associated debts plus a variety of other business assets. So they own strategy and strategy owns Bitcoin.

GrossFleshSack

They are only 10-15k below their cost basis and they are already having to start selling Bitcoin.. MSTR are masters of buying the top, their investors should be highly concerned.

Skepsis93

A ponzi scheme implies you are deceiving your clients. MSTR has been very open what their plan is and people still poured money into them.

ThisisNFA

Aaaaactually, the STRC terms are that MSTR can suspend dividend payments so if Saylor wants to rugpull them, he can do it and MSTR survives.

Wheaties4brkfst

They have a senior claim to all MSTR stock in the event of bankruptcy.

Yory_Alsik

Lol don't drink the Kool-Aid. the 20 months of payments don't mean anything. thats why STRC still isn't at par. The source of its liquidity is not sustainable. If bitcoin goes to 22K. MSTR's price will be 0. At that point, they would have to sell all their bitcoin and use all of their "USD" reserve to pay off their debts and retire preferred. I'll keep the math simple here: Senior claims = 22 billion, USD Reserve = 3 Billion. Bitcoins held = 843,775. In a liquidation scenario, assume the USD reserve is used to pay off senior claims, leaving $18 billion, divided by 843,775, means a **bitcoin price of $22,729 is the current MSTR extinction price in simple terms.** At that price, common shareholders have zero claim on any bitcoin, senior claims own all the bitcoin. However, more practically, the real extinction price is actually much higher, and that is because the reserve will constantly need to be refilled, potentially twice a month if they want to keep up 12% dividend payments, which can only be accomplished by dilution or bitcoin "monetization". So, if bitcoin goes down to $40K, their source of liquidity for the Pref's will be under significant pressure. Before bitcoin even goes to 22K, they will have less bitcoins as a result of needing to sell even more bitcoins to replenish the USD reserves. The denominator in our earlier calc (bitcoins held) will keep decreasing over time, this pushes the MSTR extinction price up. Today it is 22K. If they want to get to 3 years of USD reserve, that's an additional $2.5 billion raise, which is only happening through a massive bitcoin sale or heavy MSTR dilution. Most likely it will be done through both. And then they will have to keep raising capital (again, only possible through dilution or bitcoin sales). All bitcoin sales will simply raise the floor of their extinction price. My estimate is $30-35K bitcoin price will have enough pressure to completely destroy MSTR's common equity.

Less-Information-256

By your definition neither does the MSTR common stock holders. But I assure you they have a senior claim to the assets of the company than you do as a common shareholder. I’m sorry if you’ve been misled.

BitcoinBaller420

Today's reminder that MSTR is a financial juggernaut with zero liquidation risk, pushing STRC to $100 relentlessly, at which point they will add another huge, price-insensitive bitcoin buyer to the current market... that buyer being the next tranche of the $300T in credit investors, who dream about 10% low-risk fixed interest rates and don't give two shits about broken money. Even this deep in the bear market, Strategy turns a profit on asset sales every week. They aren't sacrificing their shareholders, they are raising capital at a discount to fair value, accretive to shareholders, which consistently increases their effective bitcoin per share, while the USD price coils right along with bitcoin for the inevitable move higher. You're not bullish enough.

SerenityCerulean

I think 40k is already extreme enough. How is Saylor selling half is anything relevant? I’m MSTR shareholder and people don’t understand the math. No point to speculate things if it’s not going to happen.

Nerfi5

Some people in wallstreetbets talked about MSTR so i investigated

JeremyLinForever

Did you know that this could work the other way around in a bull market? There can be a massive short squeeze for MSTR when the BTC bull run comes, and instead of selling MSTR they can literally take their USD reserve and instead of buying BTC they can buy back their own stock and cause a 10-20x mNAV squeeze.

BitcoinBaller420

bwahahahahahahaha bro your "destroying the shares" is my "selling assets above fair market value to turn another clear weekly profit" this is basic math get it together. Take the total assets. Subtract the outstanding liabilities. Divide by the fully-diluted outstanding shares. This is the NAV / share. Now take the average sale price of the stock. Was it above this number? Then the sale is *accretive* in buying terms to the common share holders. I'm tired of explaining this to you, please stop giving your opinions about Strategy publicly until you have actually done this yourself at least one time, save yourself the embarrassment, it's middle school math, and the numbers are available trivially for you at strategy.com. I respect you as an intelligent person, but you are really clueless about Strategy. I own a substantial portion of my net assets in MSTR bc I have actually done the work, and I encourage Saylor to continue to do the trivial math involved in deciding whether raising even more capital would be accretive, so he can continue taking advantage of the enormous opportunity created by the mNAV being above 1 in such an insanely liquid product. STRC will be $100 again soon, at which point, yet another obviously-profitable opportunity to sell assets and raise capital on highly favorable terms will emerge for this company.

harvested

🤣 That is cute you can you have an opinion on BIP-110 when your portfolio is all strategy shitcoins and no bitcoin >45% MSTR >5% MSTR leaps >30% STRC >20% STRK

AccordingFloor7010

What you're forgotting is psychological effect that the inevitable MSTR bankruptcy will have on the average BTC bro, and whales alike.  Mstr gets all the publicity now, and will continue to when it all goes south.

AccordingFloor7010

That's true.  But the instant that MSTR declares that its invoking that fine print and choosing to not pay preferred dividends (which is coming fairly soon), the price of both common and preferred's will immediately tank, and all confidence is gone, triggering that death spiral, which will lead to BTC dropping to $15 - 30k ish within less than a quarter, maybe even a bigger drop.  I think EITHER one of these scenarios WILL trigger the death spiral:  a declaration of non-payment of the full dividends just one time, or the BTC price staying below $60k for more than 10 days to 2 weeks.  If BOTH happen, it's "Katie, bar the door...."

fan_of_hakiksexydays

It won't make a difference if there's another bullrun but it arrives too late to save MSTR. Same thing when FTX and Luna were hoping a bull market would come and save them. But it didn't happen in time.

HSuke

These aren't bonds. Corporate bonds are a way to get loans. They are outside of the shareholder structure, and they do not dilute shares at all. Corporate bonds are more similar to STRC than to MSTR.

Yory_Alsik

lol its really not. They have to pay these dividends in perpetuity, and their only cash inflow is diluting MSTR shareholders or selling bitcoin. Theres only a finite number of times he can keep doing that. the market knows this and thats why STRC isnt going back to par even after all his efforts.

nonkeywayzee

Social media can paint a picture [while reality paints a completely different one](https://bip110monitor.com/), the people crying that Bitcoin has a SPAM problem have literally no hashrate support for their cause and are about to fork off in less than a month. Surely this is a great moment to start a narrative that Saylor and MSTR captured the protocol, and I expect this to happen as they already came with various conspiracy theories instead of accepting that everyone is ignoring then because Bitcoin has a blocksize limit and nobody can control what others do with their own Bitcoin.

HSuke

STRC price is still gradually bleeding out over the past week. Selling MSTR when its price ratio relative to BTC is this low is not only dilutive and dumb as fuck. It also goes against their own announced strategy of preferring to sell BTC instead of MSTR when enterprise mNAV is under 1.22.

HSuke

They sold MSTR this time. It's either selling BTC low or selling MSTR lower. This was the worse choice of the 2 since MSTR ratio is even worse and enterprise mNAV is low.

AdBrilliant7812

Yo hago como tú. Dca a btc, billetera fria, no tocar. Compro 1-3 acciones MSTR al mes. La misma idea en mente. BTC para largo plazo y seguridad. MSTR para venderlo a medio plazo y sacar rentabilidad.

eurodiablo

I’ve been looking at this too but with MSTR being a leveraged Bitcoin play basically why not buy BITX. BITX is a leveraged Bitcoin play without the potential issues the Strategy seems to be having some of. Who has looked into this deeply.

Automatic-Unit-8307

Yea, MSTR is the way to go to fund life

tenor_tymir

I do the exact same thing but focus on MSTR and Galaxy Digital. Especially GLXY has weathered this bear market brilliantly and I expect the bull market to skyrocket them into space and beyond.

Worldly-Ad-1274

Lol man 😁.True, but I'm definitely not booking flights based on how MSTR is going! We already have standard savings for regular vacations. For us, MSTR is purely a 'lifestyle booster'—a tool to fund longer or more expensive trips. If it takes a couple of years , that's totally fine by us.

NoPossible5519

The way MSTR has been looking the last 8 months hope you don't plan on doing any traveling anytime soon

callebbb

Yup. I’m buying LEAPs on MSTR over the next few months.

BinanceEXNG

Stop copy pasting from an LLM ffs, if you can’t explain it in yourself then you shouldn’t be investing in it. You are gambling here with MSTR; not wise.

Worldly-Ad-1274

I completely hear you guys, and honestly, I don't disagree with the core of what you're saying. Self-sovereignty and holding your own keys is the entire point of Bitcoin. That’s exactly why I am not stopping my weekly spot BTC DCA and my core cold-storage stack is completely untouchable. But MSTR isn't my core savings; it's just a cyclical trading tool for me. Regarding the company 'not standing on its feet much longer,' Saylor recently shifted strategies to focus heavily on liquidity defense—even utilizing small sales of Bitcoin to stack hundreds of millions in pure cash to service debt and dividends. To me, that means they have built a cushion to survive the bad days. If the company fails, my core Bitcoin stack is perfectly safe in my own custody. But if the leverage machine works during the next bull run, I fund some amazing family vacations without having to compromise my sovereign Bitcoin stack!

Worldly-Ad-1274

Great question! It comes down to two things: Corporate Leverage and BTC Yield. When I DCA into spot Bitcoin, I get a pure 1:1 return on my money. But MicroStrategy operates like a Bitcoin acquisition machine on steroids. They issue billions of dollars in low-interest convertible bonds and preferred shares to aggressively buy massive amounts of Bitcoin on the open market. Because they use debt to buy more Bitcoin per share faster than they dilute the stock (a metric they track as 'BTC Yield'), each individual share of MSTR actually represents a growing amount of Bitcoin over time. Historically, this structural corporate leverage means that when Bitcoin goes on a sustained upward run, MSTR's equity value acts like a high-beta proxy, routinely giving 1.5x to 3x the return of spot Bitcoin. Since my MSTR position is purely a 'lifestyle fund' that I plan to cash out during the bull market, I want that amplified upside!

Worldly-Ad-1274

I completely agree with you on the corporate risk, but I actually look at the recent news of Saylor selling those 3,588 Bitcoins as a huge positive rather than a red flag. A lot of people panicked that the 'never sell' narrative broke, but in reality, it brought in $216 million in pure cash liquidity. By using a tiny fraction of their stack (less than 0.5\%) to secure cash for the bad days and clear out their preferred dividend obligations, they just made the company way less risky for a prolonged bear market. To me, it proves Saylor is executing a smart defense strategy so the company survives to see the next massive bull run, which makes me even more comfortable using MSTR as my lifestyle vehicle!

Worldly-Ad-1274

Thanks for the feedback! I totally see the value in income funds like JEPQ for steady 'walking around money'. The main reason I'm focusing on MSTR instead of a covered call ETF is the upside capture. Covered call strategies generally cap your upside in exchange for immediate yield. Because I strongly believe Bitcoin is going to experience a massive, explosive move to $200k+, I want a vehicle that captures that specific hyper-growth and amplifies it via corporate leverage. JEPQ is great for regular income, but I'm looking for a cyclical 'growth engine' to fund big trips during the peak of the bull market rather than monthly steady cash flow!

revanevan7

MSTR went up 4000% from bottom to top last cycle while bitcoin did 800%. So yes, you could get higher returns with higher volatility with MSTR. Will it happen the same exact way this cycle? No one knows, but there is a chance. Which is why I hold a small MSTR position relative to my BTC position. If it out performs, I plan on rolling it into BTC or using it for life.

LongDaysPleasntNites

This isn’t my expertise but I think at its core the fact you are dcaing into bitcoin is the move. How you fund your lifestyle is another strategy. Why focus on MSTR specifically? Another approach is using a covered calls strategy to generate income which will help fund what you are talking about. You can do this on your own if you have the time and energy or buy something like JEPQ. I think this is a good topic though since most of us are “waiting” for Bitcoin to go up.

N3333K0

I recently began doing the same. IF they can survive this bear market, they are in a good position to make a lot of money during the runs. They do need to find a better way to give themselves a foundation of money flow during bear markets though. That won’t go away. But yes, I’m attempting to build a position to make some walking around money from MSTR. I understand the market is for making money but I also try to stick with investing in companies I believe in. I believe in Bitcoin long term and so does Saylor. I’m willing to take a bit of a risk with his company…

CoffeeAlternative647

I have a feeling MSTR won't be able to stand on their feet much longer, but you do you.

dataCollector42069

made much more than $20k shorting MSTR and even more from holding stocks. I don't know why crypto has so many fan boys other than the fact its people putting $50 on XRP thinking they will buy a lambo

PeaceAgitated1978

If I had 10k , I'll be borrowing 30k and using the first 10 to pay for the interests for the first 2 years while I got 30k of MSTR growing "for free" during the next 2 years of bull market on BTC.. only, riding the amplifier that is MSTR 🤷🤣 you should all do the same.. even if I ain't have that 10k to pay the interest for what I'll be borrowing. I'll still borrow money for what is responsible and easily repaid since I got used to the minimalist lifestyle and make way more than what I spend so free cashflow to pay interest with .

PeaceAgitated1978

Consider also MSTR if you truly believe in Bitcoin.. or even their products.. like strc with dividends.. 12% but given by-monthly.. that is something rarely seen. It compose interests very faster.. just learn man.. so many good options.. do your own researchs , we can only give you hints of where to look at..

WhatsTheStoryMG_1995

I’m about 50-50 MSTR for tax and BTC for bitcoin, tbh if I could go back I’d have just gone 100% strategy for ISA,

SerenityCerulean

You don’t sound very prepared. I have MSTR/ASST on Trading212 ISA. Do you want ownership or have something that’s tax advantaged? I think having amplified bitcoin is the way to go and it’s in the ISA. Win-win.

fan_of_hakiksexydays

100% I wouldn't go as far as saying it will be exactly in October. Like you say, it could actually be frontrun like we've seen in the past. And we could have a premature bottom, maybe as early as August. Same way we could also have a late bottom if MSTR were to collapse in let's say December (if they manage to keep it together that long), and we could end up with a late bottom in January.

djai50

MSTR is a scam company

Potential-Hair-230

Aren’t you the guy who was big on MSTR? Did you pull out or are you actually down 900k?

TvAGhost

If you're looking for the orange with the most possible juice, and have belief in bitcoin, haters will hate, but im holding ASST and MSTR for an amplified bet on bitcoin. That's my 2 cents. ASST is the cleaner bet IMO. no debt. 1 preferred stock giving amplification to the common. And a large possibility of huge growth since it is a much smaller treasury than MSTR. It will also be easier for it to 5-10x in bitcoin holdings over time compared to MSTR. Ultimately up to you if you truly dont care about owner and want pure amplified performance I would recommend ASST. /r/striveASST

dataCollector42069

Paid off my student loans thanks to MSTR puts

p0tsa

MSTR, every monday

brimbopolous

MSTR bot alert

divexpat

Ethereum DATs earn a yield on their ETH for being validators of the Ethereum blockchain. Bitmine's cost to pay out preferred dividends is only around 10% of what they are earning yearly from their validation yield. Bitmine will never need to sell ETH to fund their preferred stock dividends. Bitmine's goal is to own 5% of ETH. They have 4.8% as of last Monday. After that their goal is to expand their investments into the Ethereum ecosystem. Bitmine also owns one of the largest 3rd party proof of stake (i.e. POS) validator networks in the world. This is a large and profitable business. They don't just validate Ethereum but also other POS chains like Solana and for doing that they generally earn 10% of whatever yield they validate for people (10% is the industry standard). The other large Ethereum DATs either have no debt, including preferred stocks, or they have another business they run in addition to being an ETH DAT. So, Sharplink (SBET) has no debt. Another example, Bit Digital (BTBT), owns 70% of an AI data center company. So, ETH DATs do not have the same issues as MSTR.

BitcoinBaller420

45% MSTR 5% MSTR leaps 30% STRC 20% STRK 110% economically long bitcoin. 0% sovereign, but looking forward to being there one day, maybe when the world stops being so stupid and forcing me to buy strategy's stuff bc they can't do simple math lol

Venij

I don't know what you mean by "convenient metric". Isn't it just the most accurate assessment? It's published on the Strategy website and has been there for quite some time. Strategy has tried to give an opportunity to have a mixed risk/reward portfolio within their own product offering. Basically, betting a very large bank on "We and many investors know bitcoin will have >20% rate of return over the next 25 years. Not everyone can tolerate the volatility. Let's capture that value by providing a mixed bag of risk and reward" * STRF — 10% fixed return, most senior so highest chance of getting your money back if Strategy goes belly-up * STRE — STRF for europe * STRC — ~12% variable, monthly payout (the rest are quarterly), $100 par (NOT $100 pegged price). Yes, higher rate than STRF but less senior. Strategy is trying to pull in money that would otherwise be invested in money markets or whatnot. * STRK — 8% fixed, convertible into 0.1 MSTR shares — yield + BTC upside optionality * STRD — 10% fixed, most junior preferred. I suppose this could be an alternative to STRF, but this product probably doesn't make sense * MSTR essentially mimics bitcoin price, has no "return" in interest / dividends, and has lowest seniority. As much as STRC is a burden on mNAV, it also does not reward those holders in times of BTC gains and instead pushes those gains over to MSTR holders.

C0Y0T3Z

Really? They've had 116 BTC purchases to date. How come the 1st 41(1/3rd of all) buys don't count? Is it because those were all less than the current purchase price so don't fit your "Bitcoin is a trap" narrative? And out of curiosity for those sitting in the back, which of below bests describe your position? 1. Never had Bitcoin or MSTR and never will. Just like to spend/waste your time riding the bandwagon of attempting to influence others that it is bad. 2. Had Bitcoin and/or MSTR but bought high and sold for less, therefore you are permanently on tilt and must attempt to influence others that it is bad.

No-Masterpiece2246

That's a convenient metric. I thought STRC was designed to stay at $100 and they'd buy more BTC anytime it went over that price? So if anything, STRC is just a burden on mNAV and MSTR share price too.

Venij

Strategy mNAV was historically only measuring MSTR valuation to BTC holdings. The company has made a drastic change in product offering and a lot of value comes from their STR*x* offerings. With those products included mNAV as "Collective stock value to BTC holdings" is at 1.04 today.

LTP-N

You moved the goalposts from "investing" to "even gamblers do research," so it seems we agree it is a casino. Highlighting basic concepts like short selling does not change that reality. Shorting a volatile proxy asset is just betting on red instead of black, its still a directional wager. As for the idea that most retail traders do not have day jobs, any evidence of that? Otherwise just pure made up fiction from you. We can look at charts or your claims about MSTR dividend obligations, but pretending this sub is a boardroom rather than a casino floor is only fooling yourself. Tell your boss I said Hi.

Calm_Situation_1131

\-99% MSTR share price is not bad enough for you? lmao

No-Masterpiece2246

I don't think they could keep mNAV private? They're a publicly traded company with no assets other than their BTC. They have to file an 8k form every month which reports their buying and selling. And yes, mNAV is **MSTR premium over Bitcoin,** but it's less than 1 right now, which means Strategy shares are trading well below the value of their total BTC holdings. That probably means investors don't trust Saylor to act in their best interest with the coin.

Calm_Situation_1131

If the dividend is suspended, certain preferreds incur penalties. It's even faster death for MSTR.

HSuke

mNAV should have stayed as a private internal metric and KPI. It should not be an end goal. ** What mNAV really measures is the MSTR premium over Bitcoin and the insanity of its holders**. It's kind of like a variation of the P/S ratio for stocks. mNAV reached 3-4 back in 2024. Anyone buying it at that high of a premium is insane. Even buying it at > 2 is risky as hell.

JuniorRfarias

This is a really complicated issue that significantly hinders my experience as a hedge fund manager; volumes are high, yet clients have very little market knowledge. Even the slightest movement triggers panic, which disrupts the flow—take the emotional MSTR clients, for example. Send us some good vibes—JF MGMT SA.

JustLTFD

You’re just repeating what all the “faces of crypto” like Saylor and Tom Lee have been saying. It’s not true. Crypto is down and down big because of MSTR. Largest buyer quit buying and became a seller. End of story. Way further down from here

Less-Information-256

I guess so, give me a bell when MSTR hits a 2.5 mnav, I'll raise a glass to your success.

TechTuna1200

The people calling MSTR a “money glitch”, is gonna learn that leverage works both ways.

corporate-citizen

If you invest in MSTR or the preferreds, I would not base that decision on anything he says. I think a good idea for a geared Bitcoin ETF would be the, “Inverse Saylor Bitcoin ETF.” It would sell when he buys and buy when he sells. Many of us might be able retire with just that asset.

NonVideBunt

You’ll be working at Wendy’s for life if MSTR fails I’m sure of it!

Romanizer

In MSTR, maybe. As I understood they broke some records regarding volume and shares sold. Bitcoin itself was far from any kind of euphoria. At least it was the least euphoric post-halving year yet. What is a serious government for you and how could they justify not buying it?

Seraph_2026

MSTR selling didn't do anything I see.

BedBubbly317

Yes, because their P/L looks like a menstrual cycle, nothing but blood red. MSTR is nothing but a Ponzi scheme lmao

BedBubbly317

Because it was otc. The MSTR sale never directly impacted the open market lol

The_Realist01

It would be great if he’d just chill out, or hell, idk, buy the bottom (for once) in size? I own $0 of MSTR, I don’t believe in taking short cuts of owning the rights of future earnings from a treasury company that holds a bearer asset. It’s a stupid position to take. That said, I wish him well. And to go full circle, I don’t disagree with any of your points. Strc raises are done for awhile and until he gets mNAV above a certain point, no more atm raises either.

Local_Math_5512

It's pretty simple. I don't know why so many people struggle to understand it. In simplest form, MSTR sell's STRC for $100 each. They keep enough USD to pay 17 months of dividends ($17). MSTR uses the remaining $83 to buy BTC. Maintaining confidence in the instrument of STRC encourages more people to buy STRC. This raises more USD for MSTR to buy more BTC. Selling BTC to keep confidence in STRC means less BTC for MSTR in the short-term, but much greater BTC in the long term as STRC will continue to raise USD for further BTC purchases.

quintavious_danilo

It’s not about the guy, it’s about the market reaction which was basically zero, meaning even a bigger sell can’t put BTC or MSTR down, meaning they will both weather the bear market OK and come out gunning wild on the other end

oo0000000

so many paper hands in this subreddit. People without basic knowledge about financial structures calling for MSTR blow up. I am just calmly buying more MSTR at discount while you panic. See you at the ATH

LionRivr

Ever heard of buy the rumor, sell the news? Well this time it was sell the rumor, buy the news. MSTR having to sell a bunch of BTC was the rumor. Rumor was priced in already. So confirmation of selling is actually good news.

etaoin314

but will it? the last few years have not been too promising in that regard. The early part of the run up carries all the weight in these predictions, while we may reclaim 100k I am having trouble seeing a catalyst that gets us past that. I do think MSTR was a big part of the last run, and I just dont seen them being able to attract that kind of capital going forward, at least for a while. I think STRC would have to reclaim par and stay there for several months/years before that becomes a viable source of income for them again.

The_Realist01

Bitcoin does $15-25b of volume every day. I don’t think Saylor’s $200m matters, at all. Minor hiccup. He has buys from $10k to $120k - He can be lucky or unlucky depending on which lot he decides to sell. I’m assuming they will do the $120k for tax purposes. I’m not an MSTR guy (management, interest rate, and third party risks) vs btc, but him selling or buying doesn’t impact me at all. Could care less.

Lacklusterspew23

Yes, but the surge over the next 2-3 months in BTC to 100k will work for MSTX, and then we can flip it to MSTR to avoid long term decay. Some caculators show MSTR is trading at less than 1.0 NAV. MSTX vs buying a 2-3 month option or trading at leverage is likely superior given my expectation we will be at 80-100k in 2-3 months. I cannot wait for all of the people claiming the bottom will be in Oct. to cry when we are over 100k at that point. Not investment advice. If you buy or sell anything based on my post, not only are you regards, but you will lose everything. So, I'm not telling you to do anything.

The_Realist01

None of the upstream MSTR products existed in 2022. They began in 2025. Completely different thing.

CatPeopleBleaux

I was buying ETH at $9 and been part of it the entire ride so I'm fully aware of history. I feel like the way you talk about crypto, you are bitter about losing money on it or some shit. Most people who just sit around talking about Saylor going to jail and BTC at $10k are just haters. There are like 3 or 4 companies larger than MSTR from a holdings standpoint so yeah, some crazy shit would have to happen for BTC to hit $10k, much less sustain that level for over 6 months. But as soon as MSTR sells a couple thousand BTC, yall coming streaming out with the, "durrrrr, Saylor sold 1% of their holdings, he's def going to jail". Yall been doing this for years. My favorite part though is people thinking that MSTR doesn't have literal geniuses working there who are leveraging AI, data analytics and intel to predict markets or....at the very least, run scenarios on what happens at every level of pain is just fucking hilarious to me. They're a 35 yr old, US based company with $55B in holdings. They aren't a bunch of strung out 20 yr olds playing with monopoly money during COVID in Singapore or the Caymans.

ReliantToker

They arent struggling though, and the leverage ratio is far less than your typical S&P company. One most would actually dream of accomplishing. Coin count is your personal bias. Coin ownership does not dictate control of the network. Imagine Bitcoins fiat price (least interesting thing about Bitcoin) without MSTR entering the market. $126k? Probably not. Sitting above $50k right now? Probably not. Bitcoin is for anyone whether you like them or not. I will tell you bitcoin will not be successful with retail adoption alone.

jarvismode

Retail love paper bitcoin, MSTR, mining stocks, etfs and leveraged futures… those buying spot and using self custody are the 1% of the 1% of retails

Objective-Choice6518

Bitcoin ETF would be better thank MSTR

Objective-Choice6518

Only morons believed that Guy Everyone with some common sense knew that MSTR would be the FTX of this cycle 

ValorousAnt

Hey, nice insight! You are right. This case could also very well happen where the lower prices result in increasing crypto demand which then eventually could turn into a net positive for MSTR. Time will tell. I personally think this time crypto needs more time recover. The sentiment needs to go lower before it can go up again. Too many scams. When public figures that hold the most power in the world can do pump and dumps in plain sight with zero repercussion it truly starts to undermine this whole industry.

ValorousAnt

Well don't take my word for it. But here is how I feel: * Crypto-sentiment very low plus it is already mainstream. I feel like the amount of gullible investors is exhausted for a few years. Need a new batch. The average degen that used to gamble on crypto has moved to prediction markets or stocks. Why invest in BTC when you can find 20-100x gains on tech stocks. * Stock market is starting to show signs of AI hype exhaustion on multiple levels. Bubble will pop but will it be months or years from now. Who knows. If stock market shits the bed it will 100% make crypto shit the bed as well. * MSTR business model relies on cheap money + ever-increasing BTC value appreciation + degen investors.

Lavayo

With the selling yesterday MSTR hast bought 847.395 BTC and sold 3620 BTC. Yes, the BTC sold yesterday were sold at a loss - which enables them to use them as a tax write off. But at that ratio I really don't see a consistent pattern of buy high sell low. If anything they DCA. A better point is that MSTR tends to BUY the top. MSTR has more capital available when BTCs/MSTRs price is higher. They have to buy the top to some extend. YTD they bought 67,99% of the coins they bought in 2024 (year with most aquired BTC yet). In a bear market. Thats 21,57x the BTC they managed to buy in the entirety of last bear market year in 22, if they don't buy another coin til new year. In all likelyhood it will be considerably more.

Educational_Cable405

Worth checking whose sale that actually was. When the headline says Saylor sold, it's usually him personally offloading MSTR shares he got from options or covering a tax bill, not the company touching its treasury BTC. Strategy's actual coins haven't moved. Same scary dollar number gets printed for two completely unrelated things.

Lavayo

MSTR has more capital available when BTCs/MSTRs price is higher. They have to buy the top to some extend. That said they bought 67,99% of the coins they bought in 2024 (year with most BTC buys) just in 6 months YTD. In a bear market. Thats 21,57x the BTC they managed to buy in the entirety of last bear market year in 22, if they don't buy another coin til new year. In all likelyhood it will be considerably more. I would say they are "timing the market" as good as it is practically possible. In they end they just DCA.

ValorousAnt

I've been wrong on fundamentals so many times that I feel like somehow miraculously MSTR might get out of this. Just this feeling. Even though I want to think that this time the fundamentals are stacked too heavily against MSTR. The whole market just needs to pop at some point and MSTR is already on life-support

Mak333

I bought more MSTR, MSTX, and 10X leverage BTC with a $68k cost average. I'm down a lot, but patience wins this game. See you at the moon fellas. Going to be a good ride.

Recent-Bill7570

Avoid the MSTR Ponzi and consider buying BTC directly if you want exposure to the market.

quintavious_danilo

What’s funny is that the market totally ignored the fact that Saylor finally sold. Makes me bullish actually for both, BTC and MSTR.

Rain_sc2

There is zero point in buying MSTR because of the infinite dilution risk whenever they raise capital by selling ATM newly printed shares If you want leverage just buy perps, you’ll fare much better. Or even better dont lever up and just put it all in BTC