MSTR

Astrofide

Fraudster and liar. MSTR doesn't own a single bitcoin. They own debt-leveraged contracts with coinbase on the value of bitcoin. Nothing this man has done has benefited bitcoin at all, only his company stock price.

Gsw-

3 months ago both MSTR and IBIT were higher than they are today. Curious what your average entry is on each. Dope by the way. I'm selfishly hoping MSTR goes to 1,000

TvAGhost

You say idolizing someone is bad, then you idolize satoshi in the very next line, you're a walking contradiction who assumes the people here are all bowing down to the MSTR golden Statue emptying our wallets into mstr stock when half of us really dont care either way and likely most hold both bitcoin and mstr (let me guess, bitcoin only? not your keys not your coins? try LukeCoin™️?) Your ranting and rambling seems extremely unhealthy and unhinged. Nobody cares as much about saylor as his haters and bears. 👋

SeparateCommon2363

Look up the term realized loss you simpleton, yet to see Saylor or any MSTR bag holders realize gains at their 50%-80% losses from avg buys of $200-$300 LOL!!! But sure they do they love to realize losses!!

AquarianAge144

Bro. Thats just a lie. We have literally dropped 50% from 126k To 63k and now rebounding to 78k Which is only a 30% increase after a 50% drop.... It was not because of Saylor. Saylor is hurting Crypto these days 🤣 His MSTR stock completed inflated everything and he is literally recycling the gains through BTC. He is not a Hero. STOP CONNECTING BTC TO AN IDOL BITCOIN IS SATOSHIS BEAST. NOT MICHAEL SAYLORS. AND IT OBEYS NOBODY.

biophysicsguy

Saylor personally owns around 17k. MSTR is a company with many shareholders so you can't really count all that \~840k as being owned by one person.

exildur01

Doesn't Saylor / MSTR have like 800k?

bhedesigns

MSTR is just wild!!!

MelangeBot

I know, it won't sustain it. This is just a pump for MSTR to dump into. No serious player will be buying large amounts of BTC for $80K when they can just wait and do nothing till MSTR is forced to sell more BTC and buy at $80k. Just watch, it will be another BART in the making and after it's done the price will probablly be slightly lower then 58K, the most recent low. I am guessing 55k somewhere in the next 7 weeks. But it could very well pump a bit more to 90k or so to reck all the shorts first. Nobody is really believing in BTC like before and with MSTR being such a large player and breaking their promise to never sell the market is over untill they are done selling.

pablo_in_blood

I mean, a Roth serves a fundamentally different purpose. That’s not even a specific stock, it’s just a tax-beneficial investment vehicle through which you can buy stocks (including MSTR btw). You should really research more on finance in general - Bitcoin will probably become more clear to you if you do.

kingerxi

I doubled down on MSTR and BMNR near the lows, and I'm so thankful now. It allowed me to lighten my BMNR bag at break-even, and I was down. I'm holding the MSTR!

Express-Economist-86

Selling the underlying asset early in retirement… oof. I’ll light a candle for the RMDs on your 401k with increasing taxes and baked in inflation. Hopefully you didn’t get lead poisoning too bad and at least buy some MSTR/STRK/SATA. I’ve seen the old folks poor houses. Seas of grey heads in wheelchairs huddled into the corner of a large room watching a single TV in silence. Terrifying.

ieatballoonknot

You can just buy puts on MSTR buddy!

Suspicious-Holiday42

MSTR?

Generationhodl

sure might all be correct, but you still have to trust a company & stock. I still think MSTR will run great, they have enough bitcoin, but I rather hold the asset than some company.

TooFewTulips

I love Saylor and MSTR, but the ASST team has been more impressive recently.

Generationhodl

you mean getting premium for having a third party risk? But I think MSTR will be fine, can be a good play for the upcoming years. But I rather just own btc and sleep well.

BitcoinBaller420

Put me in the "unsure about Bitcoin's immediate direction" camp, but the MSTR mnav at 1.0 is a FOMO-smash-buy for me this morning.

BitcoinBaller420

You won't get any love here but you understand well imo. It's why I decided to use group custody with MSTR instead. Getting 1.5x Bitcoin returns this bull cycle will be a very big cherry on top. I sleep well at night knowing Saylor will do a better job keeping my coins safe than I will. Good luck to you.

Claudia_wtf

He had to pay dividends. Sell BTC, dilute MSTR. Whatever pays the other Ponzi lol. Mfer is losing money on BTC, buys the top every time, sells the cycle bottom. Repeat. Dilute

33halvings

Not gonna happen. All prior bottoms were formed by black swan events and deep selling 18 months prior to halving. We are 19 months before the next halving and we had our black swan event (coldcard hack) which barely moved the price. MSTR is fine and is far from being liquidated. Sellers are tired. It’s up only from here on out. Good luck.

Fit_Square_520

It depends a lot on our personality traits and also how long we've been at it. I personally am hyperactive and generally check 3-6 times a day when not in bear market. (Same holds true with certain stocks I'm reved up about.) I get a psychological boost to see the green at any price. When red not much effect. I DCA once or twice a week. Still kind of a noob/ 2 1/2 year rookie (MSTR for a bit over 3) but have learned a lot. After emerging from the clan of the cave bears to check my phone..I am close to 1% of portfolio in bitcoin. Will reach 2% in the next several months. LFG ☮️

retrorays

I'm pretty sure MSTR, or one of his derivative companies is massively shorting bitcoin also.

MelangeBot

Have you ever looked at the [MSTR price completely zoomed out so it also show the dot com bubble?](https://i.imgur.com/ybkZvsb.png) They did a scam then and they are doing a scam now, and if you stay in MSTE long enough you will lose your entire investment.

MelangeBot

instituional is companies. Federal is countries. The US has not started printing dollars to buy Bitcoin with. If that ever happens, God help us all. That would indeed be the very last phase. It's not impossible. Thiel and Musk and the other tech billionaires that just love how well they can manipulate cryptos better then banking and how unregulated it is love to fuck around with crypto, it makes them see so high tech. So very cyberpunk. That's an image they like. They could push Trump his buttons the right way, suck up to him to appoint some idiot as head of the FED. Then manipulate that guy to start printing dollars and start the US Bitcoin federal reserve and start buying BTC from MSTR and others. Then the dollar will start crashing, everything will become more expensive and Bitcoin could hit a million dollars, while you pay 20 dollars for a loaf of bread.

MelangeBot

Why is it stupid? Seem pretty straight foward if you ask me. MSTR is so gigantic right now. They are most of the market right now.

MelangeBot

That's very true. Regardless there simply aren't any buyers for MSTR who is now signaling to the market that they are going to sell. So at any time in the future now you could walk right in to a massive MSTR sell. Sure they will sell OTC, but OTC selling comes with a nice premium. If the people buying it OTC can make a profit by taking that premium and then market dumping, they might. There is currently no institutional buying at the same size as MSTR with the intention of a long term hold, not at these prices and not while knowing that MSTR will keep on dumping the coming year or years.

TotesGnar

This is straight out of the MSTR recording studio.

TaleRevolutionary573

Buy MSTR

Alternative-Junket28

L'action MSTR n'est pas le priorité de Saylor L'action MSTR va servir a nourrir STRC

Alternative-Junket28

L'action MSTR n'est pas le priorité de Saylor L'action MSTR va servir a nourrir STRC

Sonizzle

This would been more appropriate for when Germany sold its BTC in 2024. MSTR still has tons of BTC left.

TreGet234

How to try and outperform MSTR? I can of course just fullport MSTR. I'm also looking at other distressed crypto treasury companies but they are so junky and most didn't even manage to outperform their underlying token this week.

tenor_tymir

Invest more and you’ll make more. Maybe look into BTC related stocks like MSTR, they tend to move twice as much, then start looking into MSTU or MSTX which again leverage the movements of MSTR. You can amplify your “only 2x“ into the sky by choosing some of the leveraged products which I would not really recommend.

Romanizer

Likely 3 years from a peak with Bitcoin outperforming every other asset in each of these years. So yes, taking a position anywhere from now to December is a good idea. I don't know how you imagine a MSTR meltdown, but I surely wouldn't want to wait for decades.

Usual_Suspect8663

MSTR is gonna become so powerful in the next few years it’s not going anywhere

FewUnderstanding2214

Just buy bitcoin why buy MSTR? Don’t you want to control when you buy and sell your bitcoin?

Longjumping_Bet_8563

It's interesting how people want to compare MSTR's situation to FTX; they're not the same. MicroStrategy has tangible assets backing their Bitcoin strategy, unlike FTX's questionable operations.

JimmyWhatever

My plan is to keep $500K of Bitcoin (and or related stocks MSTR, IBIT, Metaplanet). Every time those holdings exceed $500K, sell.

JimmyWhatever

Everyone saying bottom in October. In other words, no way that’s happening. So three months ago I bought 3500 shares of MSTR , 1200 shares of IBIT. Didn’t need to “see it coming”. Everyone made it obvious..

QuietLedgerAcademy

1) Entry Strategy: The Blended DCA Approach Lump sum buying immediately after a pump is where most returning investors get caught. A sensible entry is splitting your intended capital in half: allocate 50 percent into a weekly Dollar Cost Averaging plan over the next 4 to 8 weeks, and keep the other 50 percent in cash to deploy on inevitable 10 to 15 percent pullbacks. This eliminates FOMO while preserving capital for better entries. 2) Asset Split: Spot Assets vs Equity Proxies Spot crypto should remain your primary foundation. A clean ratio is 70 to 80 percent in direct spot Bitcoin and Ethereum (skewed heavily toward BTC for cycle stability), and 20 to 30 percent max in equity proxies like MSTR. MicroStrategy acts like a high beta, leveraged Bitcoin play with traditional market risk, so treating it as an aggressive satellite position rather than your core holding keeps your downside protected. 3) Mindset for Coming Back In Do not worry about catching the exact bottom or missing the initial move. Crypto bull cycles provide multiple consolidation windows. Focus on disciplined position sizing, keep the majority in spot, and let the market come to you. At [https://ledgersacadamy.com/](https://ledgersacadamy.com/) you should find all the answers you looking for in the future, or just google. I hope this answer the question 😄

JEI2E

You lot have been screaming "MSTR collapsing will be this cycle's black swan event" and the only thing that happened is Strategy maturing and selling off a small chunk of their BTC in order to build a bigger cash reserve stack for the future (and as a big middle finger to all the bears and scared investors). I'm not saying this company will never go down, but it's so funny that some people are waiting for it to happen before they'll potentially jump into BTC again. If it happens in two more cycles (which is 8 years), your "gift for a generational market entry" will still be tenfold of today's price. There is a reason why people on the sidelines will always remain poor. It's the worst financial decision one could make. Even worse than buying in at a wrong time. At least then you tried something.

FuckM0reFromR

The "gift for a generational market entry" will come *after* the MSTR meltdown. If you have money to gamble with you can try to wait till then. If you want a position soon, DCA Sept through December this year. If the halving/election cycle holds we're still 3 years from next peak.

JollyPicklePants1969

I guess if you want to sacrifice overall return for stability while you believe in Bitcoin, you can convert a portion to MSTR's fixed income products. You'll likely still outperform the stock market if bitcoin does well while cutting out the volatility.

Cartier1847

I bought MSTR at $125. I heard thinking positive helps with manifestation. Will leave my grump old self aside and try to be “jolly” this weekend.

Clean_Difficulty_225

Haha, yup. They don't even look at annualized ROI anymore or compare it to returns like the broader stock indices. MSTR will be back in the red soon anyways, the whole global macroeconomic environment is in shambles, we're about to have a stock market crash, this recent move in BTC is the pump before the dump.

Fomo_Family

"risk being left behind" is the bit I'd sort out first. That feeling is usually what ends up sizing the position, and then you're holding something you can't sit through. Also MSTR/BMNR aren't really a sibling to BTC/ETH. They're equity wrappers, so you're getting crypto exposure plus premium to NAV plus dilution plus whatever stocks do that day. When the premium compresses they fall harder than the coin does. Fine if you want that leverage on purpose, just know it's a different bet. Entry timing, nobody in here knows. And I'm not giving you numbers, those are yours.

Correct_Maybe4545

Did you read why they did that? Have you no understanding of how they rate companies and securities? There were criteria made to raise the rating of MSTR. there is a playbook. it was publicized and very transparent. you will see why in a few months/years that MSTR as a company will be insanely valuable. I am not a fan boy. I own BTC and a large conglomeration of stocks/real estate/ assets across several markets. I understand fundamental and technical analysis of companies like this and I can tell you that tax loss sales, balance sheets, SEC requirements, bond rating requirements... many things are involved in a sale. He is not forced to sell and he is not the entire company. You really need a deep dive in this... or not

mikitu

He wants to get STRC back to par as number one goal, he keeps saying that. When STRC is back to par he will just smash buy bitcoin and the sats per share will increase, with no MSTR dilution or BTC sales.

GovernmentNew6719

I shorted MSTR when it was trading above $300 and it's $120 today. Who is feeling dumb? lol.

Royal-Membership2303

I don't disagree, but on the flipside there are thousands of people not saying those things - like me, a lurker realist. (My bags are like 90% BTC/MSTR, 5% SpaceX and 5% Tesla) On the flip side you also have people who act like robots repeating the same stuff about S&P-500, DCA, blah blah blah. Its all good advice but it sounds so robotic in nature.

Shwayze23

Time to sell MSTR today or Monday but I think today will be good. I don’t actually think we’re back, look to the left of the last high and you’ll see the seesaw pattern

Dependent_Stay_6954

Obviously, the poster is a newbie to this 😅. Get used to it! Highs and lows. Definitely, not for the faint hearted. MSTR is in the highest risk category in IBKR.

freudianjustthetip

That's not a realistic scenario for at least 2 years, even if the Bitcoin price drops to 10k. MSTR current leverage ratio is 3% at 75k per btc. They have current USD cash to pay dividends for 25 months. They also aren't pumping this Bitcoin run because STRC is not at par-$100 value. Note the moment they hit par on STRC, they'll be pumping this bull run with 100s of millions of new buys.

Ok-Yam-6765

I’m holding. That said I also have some MSTR and will let it go when it goes over $200. Been holding that bag too long while the S&P does laps around me.

ledgerthrowaway12345

Shorting MSTR at the bottom of a bear market. Genius stuff

gororuns

Still it might not prevent their shareholders from selling their stock, which is set up in a pyramid model. Even if BTC skyrockets, there's a high chance all the preferred shareholders sell first, the MSTR stocks are at the bottom of the pyramid and left holding an empty bag.

snek-jazz

Normally a lot of the buyers in bull runs end up selling in the bear that comes afterwards. MSTR helped create a buffer for this. Loads of people bought their shares in the bull as a proxy for btc, and sold them in the bear as a proxy for btc, but the company is a buffer between shares being sold and bitcoin being sold. So overall they bought loads of coins in the bull but have hardly sold any of them in the bear. T

pydev99

MSTR sold a very small percentage of their BTC. The true test will be if/when they sell a large percentage of their BTC.

Rock_Strongo

There is virtually no scenario where BTC goes way up and MSTR doesn't benefit. They own 4% of the entire supply.

AugustinesConversion

No. Bullish weekly divergences exist on MSTR, IBT, spot Bitcoin, and Bitcoin CME futures. The bottom was in despite what cyclers like to parrot.

Octopuusss

“What a surprise” pretty much sums it up 😂 After years of telling people to think long term, the “prepare for difficult years” warning hits a little differently when MSTR is already down this much Saylor staying bullish while admitting the ride could get ugly is certainly something

Possible_Iron2047

**I’m heavily invested in BTC and MSTR. If Bitcoin hits $700k, I’m buying a private jet.**

ChangeNOW_Community

MSTR is one of those stocks where being right about bitcoin might still not be enough. you can be right about the asset and wrong about the vehicle you used to get exposure to it

kehmesis

You don't hold stocks in a company for the value of its holdings. Holding $MSTR is betting on them becoming the biggest bank in the world in a future where Bitcoin is the world's money. Otherwise, you obviously just own Bitcoin or speculate on the stock.

External-Milk9290

What is MSTR doing that makes you say that?

shelby_xx88xx

Ride the waves Been here pre split Up big even in this crypto winter and no worries at all holding MSTR. Trust in Saylor bro. You remind of the haters from back in 2012-2014 who were so sure BTC was a scam. Worse thing someone could have done is listen to them. I play to win and win big.

AugustinesConversion

You'd have to be a complete idiot to short this bottom. MSTR is the canary in the coal mine.

Wheaties4brkfst

Dawg just because you need ChatGPT to understand microstrategy doesn’t mean it’s complicated. Your info is out of date anyways, they abandoned bitcoin yield as a kpi after decreasing it for multiple months in a row. Go look the website. You’re now down to BTC yield of 1.7% on the year, down from a high of 13% on 6/1. This means that if you bought MSTR at any date after that you literally own *less* bitcoin than you did previously lol.

snek-jazz

I agree with you on that, I agree with the person you're replying to on their final statement. If you bought MSTR at peak FUD in the last cycle you got a 30x+ run to the peak (source: I did)

HSuke

The last few times Bitcoin shot up in the past month, MSTR either barely moved or actually went down. Today is a total outlier.

CryptKeeperCCR

That was good advice at the time because the MNAV was almost 4, but it's terrible advice long term. MSTR will almost certainly outperform bitcoin long term because of the built-in amplification. Basically, as bitcoin goes up in value, the senior claims on the balance sheet (which are in dollars) go down proportionately, which gives common share holders a larger slice of the pie. As they continue selling preferred shares to buy bitcoin, as long as bitcon's CAGR exceeds that of the cost of capital, they will always outperform bitcoin. It's simple math, and demonstrably true. The only possible way that MSTR could not outperform bitcoin is if it's MNAV drops way below 1.0, which never happens in a bull market. And even if that did happen, over enough time, MSTR would still outperform BTC.

shelby_xx88xx

**MicroStrategy’s (MSTR) financial engineering strategy is a sophisticated, highly aggressive corporate finance model. At its core, it transforms an operating enterprise software business into a leveraged Bitcoin holding and development vehicle.** **Is it complex? Yes and no.** **The fundamental concept is remarkably simple—borrow cheap money or issue stock to buy an appreciating asset. However, the execution, mechanics, and market dynamics are deeply complex, sitting at the intersection of corporate debt markets, equity derivatives, convertible bond arbitrage, and crypto-asset volatility.** **## The Core Mechanics: The Capital Markets Flywheel** **MicroStrategy operates a self-reinforcing financial loop designed to continuously accumulate Bitcoin (BTC) while increasing the amount of Bitcoin backing each share (a metric they term "Bitcoin Yield").** **Convertible Senior Notes: MSTR routinely issues large tranches of zero-coupon or low-coupon convertible bonds (often maturing in 5 to 7 years). These bonds offer investors downside protection as debt, combined with equity upside if MSTR stock outperforms. Because institutional demand for crypto-linked yield is high, MSTR has been able to borrow at very low or even zero nominal interest rates.** **At-The-Market (ATM) Equity Offerings: When MSTR stock trades at a significant premium to the net asset value (NAV) of the Bitcoin it holds, the company issues and sells new common stock into the open market.** **Asset Deployment: The cash raised from both debt and equity offerings is immediately swept onto the balance sheet to purchase spot Bitcoin.** **The Accretion Loop: Because new shares are issued at a price higher than the actual value of the underlying Bitcoin per share, the transaction is "accretive" to existing shareholders on a per-share Bitcoin basis. This theoretically drives up the intrinsic value per share, supporting the stock price and enabling the next capital raise.** **## Why the Strategy Is Complex** **While retail investors often view MSTR simply as "Bitcoin with leverage," the financial architecture behind it involves several layers of institutional complexity:** **1. The Convertible Arbitrage Ecosystem** **A massive driver of MSTR's liquidity comes from institutional hedge funds engaging in convertible arbitrage. When MSTR issues convertible notes, hedge funds buy the bonds and simultaneously short the common stock to lock in risk-free or high-yielding spreads based on the bond's embedded equity options and high implied volatility. Managing this relationship requires constant calibration of debt covenants, conversion prices, and stock liquidity.** **2. Premium to NAV Valuation Puzzle** **Valuing MSTR is notoriously difficult because traditional valuation metrics break down.** **You are combining:** **A legacy software business with modest, steady cash flows.** **A massive, volatile treasury of digital assets.** **An active capital-raising machine that dilutes equity holders while simultaneously increasing total Bitcoin per share.** **The stock frequently trades at a substantial premium to the net asset value of its Bitcoin. Understanding** ***why*** **that premium expands or contracts requires modeling market psychology, liquidity flows, and institutional access constraints (e.g., why some funds buy MSTR instead of spot ETFs).** **3. Reflexivity and Non-Linear Feedback Loops** **Popularized by George Soros, reflexivity describes situations where rising prices create fundamentals that drive prices even higher—and vice versa.** **On the upside: A rising Bitcoin price lifts MSTR stock, increases the NAV premium, allows cheaper capital raises, and fuels more Bitcoin buying.** ** ** **On the downside: If Bitcoin crashes and the stock's premium evaporates, the equity ATM mechanism closes. If the stock falls far enough, convertible holders may demand cash redemption rather than conversion, testing the company's liquidity buffers.** **## Summary of Risks** **The structural brilliance of the model in a bull market becomes its primary vulnerability in a severe, prolonged crypto bear market.** **Fixed Debt Obligations: Convertible notes carry maturity dates. If Bitcoin suffers a multi-year drawdown and the stock languishes below conversion prices, refinancing that debt or meeting obligations without liquidating Bitcoin becomes a major stress test.** **Dilution Risk: Continuous equity issuance increases share count. If the Bitcoin-per-share accretion stalls out, equity holders bear the brunt of dilution without the corresponding asset growth.** **Ultimately, MSTR has effectively weaponized traditional debt and equity capital markets to create a corporate proxy for Bitcoin, pioneering a playbook that other firms are now attempting to replicate.**

Crivos

MSTR pumping today

Wheaties4brkfst

MSTR boosters love to say that the company is doing “complex financial engineering”. They’re not. It’s dead simple. They get financing, and they buy bitcoin. Sometimes they sell the bitcoin and buy the financing back. That’s it. There’s nothing complicated about it all.

Gloomy_Dependent_985

MSTR and asst nearly 15% holy shit

binary_quasar

Couldn't have said it better myself. These people love to FUD MSTR and Coinbase. CB in particular has been on the brink of insolvency or actually insolvent for almost a decade now according to these shitsniffers.

jsands7

!remindme 1 year “This person is very confidently predicting against almost every professional analyst in the world, who was correct? Reference: BTC at $65,000, MSTR at $98”

snek-jazz

how about you check the numbers in the out of date shite FUD you posted? how many bitcoin does MSTR have?

shelby_xx88xx

I have faith in MSTR and the leadership. They are making adjustments to some complex financial engineering they worked up. They are the largest holder of BTC. And I am confident STRC is back at par and capital flows in heavy as crypto winter comes to an end. Now is when you take the risk and make the big money. But most people are scared and just wait for the next bull run, then FOMO in. Rich get richer, poor stay poor.

cyger

The MSTR story has changed a bit since they are selling BTC to stabilize STRC. Still, during a bull market it will likely do better then BTC.

Cisorhands_

Nope if I sell to MSTR OTD 😂

Pristine_Cricket_633

MSTR

dataCollector42069

Made 1.5k today realized. Paid off my student loans last year with MSTR puts

Plastic_Farmer3450

so you don't think this will happen??? [https://www.tradingview.com/chart/MSTR/gFBiqASd-STRATEGY-Final-decline-to-60-will-price-the-Cycle-bottom/](https://www.tradingview.com/chart/MSTR/gFBiqASd-STRATEGY-Final-decline-to-60-will-price-the-Cycle-bottom/)

OscarCorterz_20

MSTR hlders must be jubilant lol

Monster213213

Long Literally biggest hack in history, on actual cold wallets, MSTR selling weekly no buys for 2 months, and it’s HIGHER, just. Sitting on 200 week MDA. You’d expect price capitulation with those events and a bear market. To me, this tells me the bottoms in. Could be wrong but it’s a strong monent

Right_Nose6852

MSTR is interesting play but feels like paying premium for something you could hold directly. Not sure about tax side in India but heard some folks use their relatives abroad or structure through UAE entities. Way above my pay grade though

dataCollector42069

grabbed some MSTR puts at the close 🤌

xaviemb

IBIT, MSTR, and similar vehicles can accumulate as much Bitcoin as they want. The Bitcoin network itself doesn't care who owns the coins, how many coins a particular entity owns, or what financial structure sits around that ownership. Ownership concentration is not, by itself, a protocol-level attack. What matters to the network is whether those coins ultimately resolve on-chain and whether the participants involved continue to operate within the consensus rules. You can build ETFs, corporations, custodial structures, treasury companies, derivatives, or any number of financial abstractions around Bitcoin. None of that inherently damages Bitcoin. The line is crossed when an entity attempts to exert control over the protocol itself... to centralize authority, alter the monetary policy, change the supply cap, censor transactions, or introduce some arbitrary rule that benefits the entity at the expense of the network. Simply buying and holding a large amount of Bitcoin does none of those things. In fact, there's an important distinction here: these structures can potentially distort the *financial representation* of Bitcoin without changing Bitcoin itself. They can create instruments that give people exposure to Bitcoin, or that allow them to play the USD/BTC “number go up” game, without changing the underlying protocol or consensus system one bit. The network doesn't need to care whether MSTR owns 1% of the supply or 10%. Bitcoin doesn't become more centralized at the protocol level simply because ownership becomes concentrated. The coins remain governed by the same consensus rules, and the network remains indifferent to the identity of their owner. The real question, then, isn't whether these entities are “Bitcoin” in some metaphysical sense. It's whether their claims on Bitcoin ultimately correspond to Bitcoin that exists and can resolve under Bitcoin's rules. That's a very different question from whether their accumulation of Bitcoin somehow threatens the network itself.

HSuke

They sold/diluted MSTR again this time for STRC buybacks and dividends. My big concern are MSTR holders saying enough is enough, and then selling. That's what I'm seeing in the MSTR sub: weeks of people leaving for good.

fan_of_hakiksexydays

This is never good news. That means he either sold more BTC, more stock, or diluted shares. In this case he dumped more MSTR.

Objective-Walk6780

In the past I would would do 100% cold storage like Blockstream Jade. These days, I buy Bitcoin related stocks like MSTR and IBIT (30%) store some BTC on RobinHood (20%) and cold storage the remaining 50%. Trust me, this is the best way.

partialbits

Unfortunately it's just an echo-chamber of pro MSTR and they ban you if you don't agree...

WordsHappenedHere

Because his entire business model depends on it. He cannot dilute MSTR and raise money unless the price of bitcoin high. When the price is high, It allows MSTR to trade at a premium to mNAV. Their entire business model depends on Bitcoin going up forever. It’s a scam. They’ll go bankrupt eventually and that will be the final crash wave coming for Bitcoin.

FixedGearJunkie

They are. Sadly they don't understand that for every coin sold someone is buying that coin. Else there wouldn't be a sale. Thank MSTR or Strc or Saylor or whoever. But whoever bought it did OK. Or at least will be OK in a few years. Or not. Who cares really?

SilentEmploy3649

bitcoin isn't dead, the thread is about MSTR

WordsHappenedHere

If Bitcoin goes much lower than people think it can. Like sub $20k then MSTR will liquidate and create a crash wave that will send Bitcoin under $10k easily. Way too much risk to be involved in crypto right now.

Mr_Eckert

I agree that the fate of MSTR is tied to the fate of BTC.

Sufficient_Mud_3179

MSTR suck until it doesn't If BTC goes to 200K, everyone will call Saylor a genius again