MSTR

ReliantToker

Me but with MSTR currently.

Ok_Location_1092

Cheap BTC for other players or to reduce MSTR’s outsized ownership on the asset

mickalawl

Can you name a fundamental that isnt just the price going up? Decentralised killed by oligarchs and the 2 minijg pools Inflation resistance killed by use as a speculative asset controlled by unlinited tether and MSTR prints. All the while converting useful energy into masdive csrbon emissions.

dmitryaus

An eventual MSTR crash or bail out by Trump. He or his kids will be new owners of the 700k stack.

perceptron-addict

Worst case scenario, MSTR has to raise $1B that won’t happen until Sep 2027. They have >700000 BTC. Even if BTC falls to $10K they only have to liquidate 100000 BTC. That’s like an 85% drop from the current price and no recovery through the next year and a half.

DrEtatstician

MSTR owning 3.2% and continuous to own , I worry it’s again facing concentration risk

PermissionPlusFour

Most people here just don’t understand how MSTR works. They’re not getting liquidated or margin called. They’ve been down 50% before. They have enough cash to pay dividends to the preferred shares. I bet the only think Saylor is unhappy about is that he can’t buy more.

SpendHefty6066

This is not different. In fact, it's more muted than before. Bitcoin is a scarce asset. "Big Capital" can swing the price around like a chew toy. They will short MSTR and sell large blocks of Bitcoin at spot shaking out lettuce and leverage. They bolster their positions with targeted FUD campaigns. The fulcrum of price stability is held by those with their coins in cold storage and just won't sell at any price and have learned to ignore the noise. The fulcrum will slowly rise as adoption of real asset holders increase and put their coins in cold storage where it is not getting shaken out. When that fulcrum is hit on the downside, they reverse their positions. Once again, they go long MSTR (and other levered plays) and buy massive blocks of Bitcoin at spot and bolster their positions with anti-FUD effectively inducing retail FOMO. When FOMO hits stratospheric highs ... Rinse and repeat. These hedge fund vultures literally make billion$ off of scared and exuberant retail suckers. Don't be one. Stack. Not your keys not your coins. HODL.

mathaiser

Zero. They are fine. I just loaded up on July 27 MSTR leaps.

gregorydane

lol if you think this thread is bad go check out the newbies in MSTR. Getting absolutely mollywopped. As someone that’s rode the wave there in a few cycles they just ain’t ready for the true vol of this asset class.

i_have_chosen_a_name

The other cycles did not have MSTR with a NAV below 1. This will destroy their chance of any future stock or bond issuance. Essentially stopping the ponzi from growing. Once people know it stops growing then the stock price plummets more. Becomes a positive feedback loop. So it's only a matter of time before MSTR is forced to sell their first Bitcoin, by that time liquidity will have been pulled already because people with lots of money on the crypto markets aren't retards that want to pay for bailing out Saylor cult victims. So then the market will be over for 5 years or longer. Which means 5 years of BTC hashrate decline, lots of slow blocks as 2016 blocks become 3 weeks instead of 2 weeks. And we will see if a miner or group gets desperate enough to try to steal from an exchange with a 51% attack. All because nobody wanted to listen to the big blockers who where 100% right that for Bitcoin to survive it needs to be money, and not speculation.

SignificanceThis1265

MSTR is cursed too. Being shorting the crap out of it

i_have_chosen_a_name

It will boucne back somehow, but then you have your last chance to sell. Once MSTR is forced to start selling BTC, it's going to be over forever. Some other crypto will eventually find global adoption, it just won't be Bitcoin.

Quixotus

Once MSTR starts dumping their entire position, that's when the real fun begins. Funds liquidating, governments liquidating, every man for himself, everyone trying to exit through a tiny door at the same time. Exchanges will close and deny retail withdrawals. People will see what real panic is, right now this is nothing in comparison.

PrestondeTipp

Losing rubes and useful idiots hundreds of thousands of dollars.  Paying himself millions is stock issuances Little Kermit Saylor will be fine when this all ends. Will you, MSTR investors? Every day brings you one day closer to your last day ont this sweet Earth and you've trapped your money in a company almost everyone has called a Ponzi scheme.

Slight-Regular-3711

Hard to even start thinking about a bottom until after MSTR starts unloading.

R3dFiveStandingBye

Crazy that if you buy now you have a better entry than MSTR

LargeSnorlax

If you desperately want exposure to Bitcoin that bad, why not just buy Bitcoin when it's that low? Or if you want to keep it institutional, why not something like IBIT? MSTR is just a scheme set up on top of an existing asset, if the whole point is to get exposure to a risky asset, you may as well just the asset itself

gatoss5

Loading up on MSTR when it hits $25 This is literally the discounts all us tards wanted

AnyPortInAHurricane

https://i.redd.it/uuolo1w5jrhg1.gif picketing outside MSTR (Strategy) HQ

CakeAndFireworksDay

Contagion via stuff like bitcoin etfs in people’s retirement funds and MSTR. Real money has chased after bitcoin and people expect the CB to step in when real money is on the line lol

binary_quasar

Can idiots please stop with the MSTR FUD? Until 2028, bitcoin could fall to $16,500 for them to be in any trouble and even then there are ways to not sell btc and stay afloat. I'm not a fan of MSTR's investment thesis and products, but this is so far from happening right now that it's stupid to even bring up. They've been in the space for longer than most people here and they understand the assets volatility better than any of us. Stop with the dumbass conspiracies. They're a publicly traded company that literally just bought more. They are not the stupid ones in the crypto space - we are. They might have a shitty quarter or year ahead of them, but

SonicSarge

MSTR -12.4B last quarter and it was last year. MSTR is going to zero

okiepilgrim

Have thought about this as well, but it would take quite the war chest to move bitcoin. However, timed with a downturn, maybe… But if they have 2 years of operating cash, then they can ride it out and MSTR will always be a “buy” when it’s trading below the underlying. (Just hard with the underlying in free fall)

UOkayBrah

Someone buys the coins and MSTR goes into the toilet. The coins will carry on and likely increase in value over time, but the company as it's constructed is toast. There's no reason for the vast majority of investors to own MSTR if they sell off their BTC.

2CasinoRiches1

MSTR's average is 76k... Hes a hodler now too.

dweeegs

They straight up delete comments that talk about dilution and are adamant that shitting out billions in MSTR every week has no impact on the stock price

Friendly-Profit-8590

Definitely dropping like a rock. Suppose all the doomers will find out how resilient MSTR either is or isn’t.

LargeSnorlax

Same kind of people, all WSB apes Which is why you've got the same kind of people spamming all over Crypto is a scam today, they bought MSTR at $420

Simke11

Looking at posts on MSTR sub, it's got the same content quality and vibes like any random shitcoin sub.

gcbeehler5

they pay a dividend I believe, while also using convertible and preferred shares to fund purchases. Individual investors may have pledged their shares for PLOC's or other reasons, and MSTR moves like BTC but with more fervor, so there could be a cascade where leveraged MSTR is sold to cover traditional personal line of credits via margin calls. As the prices dumps, MSTR may be forced to sell assets due to NAV pressure, which would put more pressure on additional margin calls and BTC. It would be a negative feedback loop. So yeah they have $2.5B in cash to pay in dividends, but have no way to continue their current purchases, as that part of their business has stalled out.

Mr_Deep_Research

In 2001 there was a company that held 60 billion in assets. The company said it had lots of cash to handle its debt. Specifically: "November 2001: Analysts company representatives claimed the company had access to more than $3 billion in cash and was "not illiquid" just weeks before filing for bankruptcy" That company was Enron. it took 24 days for it to go bankrupt. MSTR isn't Enron. But when things go bad, they go bad even if you have cash on hand.

suspicious_Jackfruit

People are shorting MSTR and mass dumping bitcoin to make obscene money. It's very obvious play if you have liquidity, the right openings to trigger stop losses and it a weakness in his model

rs1971

How is MSTR going to collapse tomorrow?

dweeegs

I’m also very confused where this is coming from. I thought IBIT, MSTR, and the other companies/ETF’s were getting a mix from miners and from companies that buy spot on their behalf. But they were being purchased far faster than it’s mined IBIT is the fastest growing ETF of all time (by orders of magnitude) and touched $100B back in October. That’s a lot of OTC to be changing hands

Awkward-Afternoon361

MSTR’s earnings call in a few hours. That ought to be interesting. Amazon as well. Depending on the results of those two, the dump could intensify or stabilize.

BainTrain55

MSTR with a 12.4 billion dollar loss in Q4.

rvanasty

Where does a company like MSTR buy bitcoin? Wouldnt purchases like this decimate buy orders and rocket prices?

Jesse-359

I suspect that the Venn Diagram between btc enthusiasts and AI enthusiasts looks kind of like a circle. Whether the markets themselves are connected - probably not so much, the AI craze is largely a hurricane of hundred billion dollar loans between giant mega-corps, whereas BTC is mostly random whales and some smaller very aggressive institutions like MSTR. However, the *mood* could in fact be contagious between the two. That wouldn't surprise me in the least.

NatBitty

The analysts on the MSTR “earnings” call should all call into the Q&A session and just laugh their asses off at that fucking loser and every shareholder he duped.

ManagementRoutine714

I'm a middle class woman.  I bought MSTR in this crash  instead if BTC because the upside is much higher. I see making more profit off of MSTR. 

CuteStreet4443

I'm just curious to see what happens to bitcoin's price when MSTR collapses

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Acceptable_Foot3370

Stockholders aren't thrilled, MSTR down from $400 to $100 in 6 months, of course a few years ago, it was only trading at $14

aaj094

MSTR was last at the current price on 1st Mar 2024.

BainTrain55

MSTR is up a putrid 35% over the last 5 years. Just 6 months ago it was up over 450%.

greendildouptheass

MSTR is the least of my worries, which banks have exposure?

cloudadmin

If you sell and tax harvest, would immediately buying MSTR trigger a wash sale?

biba8163

Jim Chanos has been a notorious for shorting MSTR. I think he closed positions last year though. I am sure there are others out there who see MSTR and BMNR as easy pickings.

andrew103345

This is it. You got a better chance of getting rich off a dividend stock anymore. If you got in early good for you. Bitcoins getting gobbled up my billionaire and the like of MSTR, it’s lost its utility as soon as billionaires started hoarding it like the dollar.

Content-Insect-8770

Current 3rd-party miners will be replaced by energy producers themselves (for example, harvesting flared gas, and off-peak electricity, etc); which is essentially free for them aside from the cost of equipment. And if the price goes low enough, big hodlers like MSTR will have to mine at a loss just to protect their bitcoin from disappearing entirely via a 51% attack.

PikachuUserNotTaken

I cant afford BTC but i bought some MSTR lol i hope earnings doesnt crash it today

devCheckingIn

BONK doing better than MSTR today.

Non-mon-xiety

I have a feeling there are more of me than more of you. Anyway looking forward to MSTR earnings. My puts should look nice after

corporate-citizen

This is an attack mainly on MSTR. MSTR has about 20 months of preferred dividends and interest payments reserves , but Bitcoin usually sits dormant for a year or so during the bears. They want that Bitcoin badly. Don’t give it to them.

suspicious_Jackfruit

I think the market leaders are coordinating the removal of saylor. It's not good for bitcoin to have him buying up a huge portion of the supply and pretending it's not going to fail. It's asking for large entities with enough liquidity to move the needle to short MSTR and mass sell bitcoin to trigger cascading waves of liquidations while they are at it. It will kill off MSTR, lower their reentry for more future profits and will potentially be a nice loss harvest for the sales under their acquisition costs. It's probably a good thing long term. He has more negative implications for bitcoin than Tether at the moment

Suspicious-Job-8480

Imagine MSTR gets into trouble with long BTC bear market and they have to sell some of the bitcoin to cover losses. Ultimate 'buy high, sell low' incoming lol

As1esGyo

Agreed with OP here. If yal can't treat btc as a investment instrument. Yal need to invest in QQQ instead because it also have btc exposure via MSTR, and some cool tech stocks too.

woodyarmadillo11

Honestly, this is sign for me that times are rough. I’ve seen subs like this take this exact direction before. It’s starting to look like the Doge sub around here now. When the only people talking are posting “HODL” and “To the moon!” and “zoom out”, things are not good. When your sub starts to look like it’s full of 12 year olds on their mom’s phone, times are bad. That said, my honest take on bitcoin is still positive. It’s still clearly an asset that people start dumping when the market is struggling and should not be compared to gold and silver at the current moment. Intentionally or unintentionally, the value of the dollar is cratering at lightning speed. I just hope some of this “adoption” takes place before the dollar is extinct. Gold and silver feel like the only safe bet in the market currently but prices are too high for me to feel comfortable getting in now. I do have to wonder what Saylor is thinking right now. MSTR has to be feeling a lot of pressure in this moment.

Full-Sound-6269

Actually, can we setup a live feed of MSTR status?

IronRambler

I was here during the 2021/2022 crash, there’s plenty of people still around that weren’t freaking out then, and aren’t now. But we’ve picked up a lot of people along the way that haven’t experienced this and are probably freaking out. I’ll be honest, this hurts way more personally for me than the 2021 crash did because I have a lot more money in bitcoin now. It’s never fun to see a massive portion of your net worth evaporate in a matter of weeks/days. And any of us also invested in MSTR have had an even shittier few months. The worst part now for me though is I had a lot of money coming in several months ago and I bought a ton at prices over 100K, and now I don’t have much free cash to be buying so I’m helplessly on the sidelines right now seeing prices that make my mouth water wishing that I could buy more. At current prices I could hit my long term stacking goals much sooner.

Mathiasdk2

The thought is, now that he's under water am is going to be harder for him to raise cash. So no more MSTR exit liquidity.  Going to be interesting to see what happens in the next couple of weeks.

NorthHaverbrookNate

Looks like he makes most of his money through exercising MSTR stock, though he also had a ton of Bitcoin (~17,000) as of 2024 (Link[Link](https://fortune.com/crypto/2024/04/20/michael-saylor-net-worth-microstrategy-stock-bitcoin-holdings-btc-mstr/), use an incognito window if you get the ad wall). I guess the efficacy of a rug pull kind of depends on the long-term goals. For Saylor personally, he is plenty rich as is, as he can treat his stock options and Bitcoin as collateral similar to how folks like Bezos or Musk are able to translate paper wealth, but if he believed BTC was going south fast he could sell to lock in that wealth in USD or some other currency. For the company, I think I would agree that makes no sense, since MSTR price is pretty well correlated with BTC. I generally agree about being wary with him, if only for the same reason we should be aware of anybody accumulating large amounts of wealth - folks who do that generally don't have a good track record of having the best interests of the general public at heart.

JekPorkinsTruther

And you seem to be completely missing the point of my comment. There are dozens and dozens of posts about MSTR's cost basis, and this trade had little impact on their basis, so why do we need this post. Should I make a new post now that BTC is down to 66k? Do we need to updates on MSTR every hour? This sub is just the same MSTR engagement farming posts every day, it adds nothing.

JekPorkinsTruther

But thats the "we can debate about MSTR" part of my comment. The point is this "news" is trivial, it doesnt add or change anything about MSTR. IOW, would your opinion on their business model change if they had, say, purchased that 885 btc at 67k? Prob not.

JekPorkinsTruther

That kinda just proves my point even more. They lost 20m on this trade. Had they not made the purchase, they would have 5.8b in unrealized losses (idk if thats true going by your statement). Would people be feeling all that much better about MSTR in that case lol? Point is this post adds nothing.

slo1111

It is all a matter of solvency and whether one day MSTR will have to conduct a fire sale of BTC to raise dollars

biba8163

I don't think a **broad Alt season** like we had in previous cycles will NEVER happen for these reasons. The way the crypto market works has structurally changed. > - ETFs, MSTR, etc account for a lot of the inflows. This money is not going to leave BTC seeking greater return on Alts **(Nov. 2024)** > - New people his cycle bought BTC not at $500 or $3K but at $16K+. People are more reluctant to sell their .10, .25, .50, 1 BTC to gamble on Alts and people generally never recover the BTC they sell https://np.reddit.com/r/ethfinance/comments/1gq6ahm/daily_general_discussion_november_13_2024/lwymxl9/

JekPorkinsTruther

You can debate about whether MSTR is a good buy or whether Saylor is good for BTC/crypto (idrc to on either) but I dont really see how MSTR "losing" less than 20m on a trade matters. Nobody buying/holding that much BTC is gonna be shocked at a 25% decline.

SpendHefty6066

Yes. It is as easy to manipulate Bitcoin in both directions. Be stoic. Neither scared when it goes down nor euphoric when it goes up. I suspect the well capitalized people dumping Bitcoin shorted MSTR first. And the same folks will reverse positions after they shake their yield from the lettuce handed tourists. Rinse and repeat.

AnnHashaway

Agreed, it is hard to understand the financial structure and that's why I think there is still an edge to be had. Information asymmetry. That being said, the only thing I'm interested in is STRK. I think over a very long time horizon the common will do well, but its the relief valve when they need or want cash. There is no limit to the total dilution, even if their goal is increasing BTC per share. If you think of Strategy almost like their own central bank, MSTR common is basically their currency, and they can issue as much as they need. Back to STRK. The dividend is fixed at 8%, which becomes 10% when buying at $80, and gets better as the price goes down. The fixed interest provides upwards pressure as the share price decreases and the interest rate rises. At the same time, you can still participate in the long-term blow-off thesis due to the convertibility at $1,000 (10 to 1). I've owned STRK from the beginning, and have added to it every time its below $80. When the price goes up, great. When it goes down, I'm earning 10%+ while I wait for bitcoin to do the long-term thing I think it will. The primary risk is the entirety of Strategy blowing up, but I still see that as low probability. While everyone has watched their MSTR drop by 75%, my STRK is down a couple dollars on average, and each share pays me $2 every three months. It's a long way of saying I believe the best risk/reward in Strategy is actually outside the common stock. STRK wins in either direction, as long as they stay in business.

Bocifer1

So for all those paying attention: The “bitcoin president” loosened controls on funds buying crypto.   Funds like black rock bought in and sparked a massive rally.   They pumped the finance media spheres with headlines about bitcoin going to $1M.   They happily sold you bags at $130k.   Now they’re out with billions in easy liquidity.   The dream of Bitcoin died when funds like black rock and MSTR got involved.  

Putrid_Leg_1474

Look, I hold bitcoin and DCA in, so don't flame for this. Of course bitcoin is manipulated. Only a couple of people even know who created this thing and there could be just a tiny few people who could still control massive amounts of this stuff. If you got into this thinking otherwise I think you are crazy. I for one hope all of you keep selling because I won't. I was into this thing too late and I want it as low as we can get it so my DCA can work harder. Maybe I'll be able to accumulate something more substantial. That aside, I'm also long a pretty decent size put spread in MSTR so I wouldn't mind seeing that thing get crushed.

Carbuncle2024

You're gonna hate this... Bitcoin’s price target at zero Feb. 05, 2026 11:01 AM Monica L. Correa, SA News Editor Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin (BTC-USD), setting a price target of zero for the cryptocurrency. “Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin (BTC-USD) has failed to function as a dollar hedge and instead operates as “a speculative instrument correlated to the Nasdaq.” According to Farr, the cryptocurrency faces insurmountable obstacles in gaining institutional adoption or serving as a legitimate medium of exchange. “No serious central bank will ever own something where Michael Saylor controls the float,” he said on X, referring to the Strategy (MSTR) executive who has accumulated massive bitcoin holdings. The strategist also criticized Bitcoin’s environmental impact, stating that miners “are bleeding cash” while the network remains “horribly inefficient as a transaction processor and wastes tremendous amounts of energy.” Farr’s assessment aligns with warnings from Michael Burry, the investor known for predicting the 2008 financial crisis, who cautioned that falling Bitcoin (BTC-USD) prices could trigger a self-reinforcing “death spiral.” Burry noted that Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset” that does not qualify as a debasement hedge like gold (XAUUSD:CUR) or silver (XAGUSD:CUR). “Sickening scenarios have now come within reach,” the investor wrote in a Substack post. The speculative nature of Bitcoin (BTC-USD) has been amplified by its correlation with traditional markets, according to Burry, who noted that BTC’s correlation with the S&P 500 (SP500) has reached 0.50. He warned that if prices fall another 10%, Strategy (MSTR) would be billions in the red and could “find capital markets essentially closed.” Spot ETFs, he added, “have only boosted Bitcoin’s speculative nature” while increasing the token’s ties to stock market movements. Should Bitcoin (BTC-USD) decline to $50,000, the consequences could be catastrophic for the broader ecosystem, according to market experts. Burry warned that miners could go bankrupt while “tokenized metals futures would collapse into a black hole with no buyer,” as corporations de-risk by liquidating profitable positions. The investor noted that up to $1B in precious metals was already liquidated at month’s end due to falling crypto prices, illustrating the interconnected risks facing digital asset markets. Here's the link.... https://seekingalpha.com/news/4547997-bitcoin-s-price-target-at-zero?mailingid=43960801&messageid=2900&position=rta_news_bankr_fullrollout_hysa_main_0_title&serial=43960801.14990&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_source=seeking_alpha&utm_term=43960801.14990

Medium_Change4574

MSTR earnings call to finish us off for the day

HSuke

But do they have any debt they need to pay back over the next decade? I think that and staking rewards are the biggest difference between Bitmine and MSTR.

Quixotus

MSTR fuckface tweeting "hodl" is all you need to know

i_have_chosen_a_name

Now is a good time to sell. Park your money in euros or pounds and wait a couple of years (5 if MSTR goes down) before you buy in again.

Caleb6801

I'm waiting a little longer. MSTR earnings are today after the bell. "Be greedy when others are fearful"

LargeSnorlax

No no, Bitcoin is definitely dead again because some WSBers invested in MSTR and line go down

torythebeagle

53k is $MSTR liquidation price

devCheckingIn

MSTR going to be sub-$100 soon. Probably after tonight's earnings call.

NatBitty

Up 450% on MSTR puts now lol.

Pannycakes666

Bitcoin price affects MSTR, not the other way around

The_Realist01

Don’t waste your time explaining this to these people. I don’t own any MSTR because I prefer the bearer asset, but nearly none of these issuances will be a problem for many years, and by then, holders of the debt will most likely convert to equity. This is all FUD.

ZsirosDeszka

MSTR has its earnings call is today and you bought right before? bruh

bam-RI

MSTR has about $52B bitcoin assets and $14B net liabilities. So even without issuing more common stock, it would be easy, in theory, to sell coins to pay liabilities. However, the value of bitcoins is declining and will decline faster if they sell coins, and at some point I imaging there would be some sort of shareholder revolt. I still don't understand why anyone who understands how MSTR works would buy common stock in the fist place. The credulity of crowds is a mystery to me.

SirDaddio

They won't go belly up, it's part of the cycle, BTC will bottom out in October/November and then start slowly climbing again till the next halving. MSTR has enough capital on the side to stay afloat without having to sell BTC

coinfeeds-bot

tldr; MicroStrategy's stock (MSTR) is closely tied to Bitcoin's performance, with a 0.97 correlation indicating that Bitcoin's direction heavily influences MSTR's movements. The stock acts as a leveraged proxy for Bitcoin, amplifying its price changes. Currently, MSTR is at a critical support level of $139, with potential downside to $107 if Bitcoin weakens. Resistance is at $170, and a breakout above this level could signal recovery. Mixed indicators suggest selective accumulation by institutions but weak retail interest, making Bitcoin's next move crucial for MSTR's trajectory. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

One-Yogurtcloset5285

if comapnies can control de price of the BTC, it's in their interest to make it rise a LOT. Which then they could dump to dumb retail buying High and selling Low In the case of true bitcoiners, we DCA buy every day. So we don't care, as long as our entry point is far below MSTR and other institutions, we should be fine. Those companies won't accept to loose billions, it's in their interest to raise the price in long terme perspective.

pop-1988

> the difference between conviction and recklessness This is arbitrary Number go up -> Michael Saylor hero Number go down -> Michael Saylor reckless Ultimately, Michael Saylor is irrelevant. He's just a mouthpiece for the corporation he founded, advocating BTC number go up. MSTR is a public company. Every year the shareholders vote to confirm the members of the board. If the shareholders don't like MSTR pivoting away from business into BTC price speculation, the shareholders can replace the board. But they don't Even if the shareholders don't want MSTR to be a BTC speculator, what business do they want it to be? MSTR was a declining business, still profitable and with a large cash surplus. The board attempted to choose a new business to pivot into, failed to find anything. A new board would need to solve that problem

pop-1988

> Strategy issued a ton of preferred stocks with dividends to investors throughout 2025 and now will have to pay back investors eventually Nope. MSTR has the option to convert those dividends to ordinary shares. They won't be forced to sell. There's no liquidation trigger

pop-1988

MSTR's shareholders and lenders you mean. Saylor is not MSTR

pop-1988

> how much of recent price movement was because of his buying? None. The Bitcoin price market isn't rational > how much of his access to capital is BECAUSE the market is at highs? This, and more. MSTR borrows to buy BTC. He borrows on favorable terms - he can convert the debt to shares instead of repaying. This is because the lenders have bought into the same belief in future price rises. So the lenders were not only funding MSTR BTC purchases because the price is high, but because they believed the "number go up" narrative peddled by Saylor (also common in this subreddit until 2 days ago) On the other hand, those lenders reached their limit, and there were no new lenders open to persuasion. Recently, MSTR BTC purchases have been funded by selling preference shares (also issuing some small quantities of regular shares)

pop-1988

Not right. Historically, every low has been followed by an even higher high, not just a swing. The holder's DCA strategy ignores all price swings, on the assumption that the future has a price higher than all the DCA purchases Same for MSTR. Its debt timeline spans the dip, using the hodler's assumption, that the next high price will be a new high, and that the high will happen before the debt falls due Is that naive? Only a few weeks ago, this sub was full of "we believe" chatter, and "expert analyst" predictions of $200k or $250k Personally, I don't believe. But I understand the nature of the number go up belief

Medical-Molasses615

And you assume this time is the same? Despite an ever increasing number of coins being held in large reserves by the likes of MSTR etc. Despite that the mineable coins have largely been exhausted? These two factors combined completely destroy the entire concept of BTC. How is it of any value as a digital blockchain when coins will only become available when large reserves want to sell? The inflation of the price of BTC is completely controlled by these reserves which completely defeats the point. All that has happened is corrupt banks have been replaced by corrupt companies headed by former criminals.

NinjaN-SWE

I don't think so at all. Saylor makes his money from the compensation package he gets from his CEO role at MSTR. I doubt he holds any significant Bitcoin personally. To keep his compensation up he needs happy shareholders which means he needs to keep the stock value high, which means he needs to be a positive impact on the BTC price.  Personally for Saylor keeping this thing going is all that matters, keep the gravy flowing. Right now the wound is too raw for a lot of investors who bought at the peak but give it months to a year and he'll start babbling about how this is a great purchase opportunity to get BTC on the cheap before the next moonshot.  Rug pulling BTC at a new ATH would make no sense for either the company or Saylor, that just kills the gravy train for cash on hand they can't use for anything investors care about. 

PermissionPlusFour

Just because I called out a lie, doesn't mean I think they're untouchable. The idea that they'll get margin called is laughable, and just shows he little understanding people have of how MSTR works. You're right that they'll be in serious trouble if the market doesn't recover.

Crim3mast3rZ

People really think MSTR is untouchable and it's funny tbh. Let's see how they do in 2 years when the market doesn't recover. This clown has lied before and idk why people blindly trust him 😂 it's so over for them

Quietabandon

If bitcoin drops low and enough and forces some whales to collapse, maybe even force MSTR to sell then long term its good for bitcoin.  Having whales hold so much supply is bad for bitcoin.