MSTR

badfishbeefcake

I remember that crypro influencer making videos “How to retire on MSTR”. lol

Sacredwisp

There is very little FUD. Quantum is basically a meme, and so is MSTR selling 32 BTC. We've already retraced down the the 200 week moving average like every other bear market and hit several bottom indicators from the prior cycles at only -50%, such as over half the coins being underwater. This range was also the top in 2021, where it acted as resistance for nearly a year, and we spend 8 months accumulating here mid-cycle in 2024. We've also hit bullish divergence on the weekly RSI I believe, like we did on the FTX crash. Other than the % drawdown being lower and the mythology of "it must bottom on October", the technicals are all saying we've either bottomed already, or very close to it. I'm not saying it can't go lower. It absolutely can. I also expect we still have at least several months of chop left before it starts grinding up. That said, expecting it to crash to 50k or lower when sentiment is already shot and sellers are exhausted is wishful thinking unless we get another black swan and stock market crash. This is a fantastic price right now, and I expect we end the year on an uptrend with the next bull market started. Then, all the people who sold and are waiting for 40-50k are going to get sidelined and have to buy in higher again, pushing the market up even more.

hawkeye224

Yeah I like the floor concept (and we’ll see where it ends up after bottom is confirmed), but also I wonder where would it be if not for MSTR constantly buying

Prior_Parsley3960

# Quick Read * A $10,000 investment in MSTU in November 2024 shrank to roughly $561 today, representing a 98% wipeout despite Bitcoin falling only 40%. * MSTR dropped 45% over the same period, but daily-reset compounding transformed that into a 95% one-year decline inside MSTU. * Strategy already uses convertible debt to buy Bitcoin, meaning MSTU buyers hold leverage on top of leverage on top of Bitcoin.

azdcaz

Sure sure what? MSTR sold 32 and bought 1,550 the next week, that’s just an undeniable fact. You referred to MSTR as “he (Saylor)” so I did as well, even though he’s not the CEO and hasn’t been for years.

East_Indication_7816

Did you not look at the chart on my post ? Institutions are gobbling up MSTR

Significant_Grab_173

MSTR becoming the biggest universal bitcoin bank is the event you want to wait for..

GrokM14232

The MSTR trade was always a financing mechanism more than a pure conviction play. Saylor used the equity premium and the convertible bond market to lever BTC exposure at scale, which works well in a reflating environment. The selling, if it is happening, is probably routine within the strategy rather than a signal on BTC itself. What is worth watching is how the convertibles behave if BTC corrects 40% -- that is where the forced unwind dynamic could get interesting. The strategy is essentially a long-duration BTC call with convertible holders providing the financing; the exit costs are embedded in the structure from the start.

WasteFront1988

I think it will too. MSTR can make sense for someone who is seriously long on btc

ReliantToker

No, they have not been borrowing against it for years. Over 90% of the Bitcoin held by MSTR is UNENCUMBERED. They use the ATM offering and sell equity to aquire. They have perpetual preferred instruments offering yields to aquire. They can use convertible notes but have moved away from this as they have effectively tapped the market already. Some remaining notes on the sheet left but less than 1% rate combined with 3+ years to maturity. The leverage ratio is close to 10%. The average S&P is over 50%. The balance sheet is a fortress.

ReliantToker

​It is not a matter of fault, but rather a masterclass in capital markets arbitrage to exploit an archaic framework. If executing a mathematically negligible sale satisfies legacy credit rating requirements and unlocks billions to exponentially increase MSTR's overall BTC Yield, why would any rational investor let semantic pride block mathematical superiority?

outernet9

Conviction is gone. Why would the world's elite let Bitcoin become dominant store of wealth? Why give MSTR who owns 2% of bitcoin so much power? Better investment alternatives in AI.

slacknoise8

Thanks! I screwed up a bit on MSTR but I believe at some point it will run again

HedgehogOk664

MSTR probably, BMNR no

SaeedOrkz

Fair point on MSTR — their size works against them. I'm small capital, nimble. Institutions profit from fees; I profit from movement. Different games.

Evildude66

I'm gonna give my simplified explanation: The pitch used to be: a totally decentralized p2p currency. Then the pitch was that its a store of value. Then the pitch was it was a hedge against inflation. Over time, the pitch changed to say that governments and institutions are buying up large portions of supply, and that its value would increase because supply scarcity. Sure, elements of each of these pitches co-existed throughout... but logic dictates that you can't have a totally decentralized p2p currency while simultaneously having MSTR, ETFs, and governments owning VERY large chunks of supply, and mining concentration dominated by a handful of parties. The dominant pitch of the day will naturally adjust to the interests of those who stand to benefit the most. And at this time, my opinion is that it is NOT the cypherpunks, anarchists, and rebels who were loudest at the beginning. The parties who stand to benefit the most now are the ones who rely on its volatility, not its steady increase of value.

Potential_Duty9709

Because the banks will give them tax free money out on shares of MSTR banks won’t give you shit to hold Bitcoin

SquashDaddy331

When is anyone gonna learn how MSTR actually functions and what their balance sheet looks like? Such a idiotic statement to comment about MsTR when you know nothing about them other then their average price of Bitcoin

_Stylite

Selling 32 BTC is not enough to shift the bid/ask prices on the book like you mentioned. But the price reaction to MSTR selling 32 BTC was real, for a few reasons. 1. Shift in MSTR buying strategy and thus market sentiment shifted for the future of BTC Current BTC prices are largely propped up by MSTR buying and reserve activity. A change from MSTR’s policy of “invest billions and never sell” could signal upcoming weakness at a time when BTC is alreadycweak or underperforming, and many people in the market may be currently at a loss. How do you think these traders react when they see that the largest fund in the world apparently makes a change to their acquisition strategy? They lose trust in MSTR and thus the price of BTC in the future, and take their money out of the investment. Further, **MSTR sold their 32 BTC after acquiring $4B in BTC at a cost basis of around $77.5K each and then promptly rook a 25% loss on this position** Saylor was clearly early with those purchases, and he lost a LOT of money in last few weeks, while displaying huge arrogance. MSTR sitting on massive losses while BTC is weak, with the threat of bankruptcy or more selling in the near future and thus more whifts down in market sentiment suddenly creates high risk for the future of BTC. Few other factors- 2. capital outflows to AI and other assets due to refer. Other assets are doing great while BTC is stuck around a 5 year low. 3. General market instability and precariousness of Iran war and broader market cycle eh broader geopolitical tensions 4. halvening cycle

Far-State-8719

Simple, the market didn’t collapse because of that sale of 32 BTC. Do you not have access to 3/6/9/12 month charts? MSTR started rolling over July ‘25. Hope this helps.

ClearSnakewood

In self custody yes, but there’s too much paper bitcoin out there via Tradfi. Dump your ETF and MSTR and withdraw all your bought Bitcoin into cold storage.

I-always-argue

We didn't have the pressure of MSTR before. If it falls and stays below 60k MSTR is fucked and that can't happen

mercuryy

MSTR was buying every week for years, very disciplined, and they are down overall. Even if that might arguably be the best crypto investment strategy (you could still be down way more), it doesnt look that promising for actual returns.

_Stylite

This is not equivalent to 24hr volume because a giant portion of that is short term or intraday trading that doesn’t usually affect overall stability. It’s just money rotating in and out again much more quickly. There is even HFT activity on BTC inflating the daily volume. Your comment is misleading and MSTR affects BTC price more than its relative volume suggests.

ScutumSobiescianum

BTC is cooked. MSTR is on the cusp of saying goodbye

Original-Season-9941

Saylor selling 32 bitcoin didn't directly tank the price. If the fall in price was linked to Saylor's sale it would have been because traders panicked and sold a lot of bitcoin. Saylor has previously said MSTR will never sell bitcoin, so although his sale was small, the fact that he sold any demonstrates that he is no longer committed to never selling which could be enough to scare traders. Him buying 1000 BTC is not notable to traders because he does that often.

Great-Willingness-57

Strategy is a company who's main goal is to hold BTC. Their vision was to never sell it. Them selling BTC shows that they lost their vision and no longer trust BTC. Therefore that created fear among the market. Other companies buy and sell BTC or stocks for investment. So no alarm if a company (who has other interest and profits) choose to exit the BTC market. Strategy has no other form of income. BTC doesnt give dividends as well. So MSTR had to give out dividends, so the Strategy had to sell some to get the cash flow.

azdcaz

The MSTR implosion risk is heavily overstated

Competitive_Sky_4513

Does DCAing MSTR eft counts??

DaltonDifferent

The market partially collapsed because unemployment numbers were good. That translates to "the fed won't be lowering interest rates" which is bad for the market. When interest rates are low and it's nearly free to borrow money, people borrow money to invest, and the market goes up. Liquidity for the upcoming, big IPOs might be adding to it, but it's not due to MSTR selling a handful of bitcoin.

diamondblaster67

When Michael Saylor / MSTR sells, it’s a signal. Of course, it matters.

Whole_Historian_7185

It matter to holder of MSTR stock. Selling common shares or bitcoin reserves dilutes the bitcoin/share of the common equity. The Strategy board has fiduciary responsiblity to protest it's share holders

Whole_Historian_7185

History will definitely show that bitcoin is bigger that Michael Sayer. Without sustained growth in btc Sayer's STRC flywheel slow down. The last weeks transaction raised some cash and bought 1550 bitcoin. This diluted the btc per share of MSTR. Currently the STRC monthly distribution of aprox ($120M) is a drag on Strategy's liquidity. It will be very interesting to see how the navigate this winter.

Laukess

People keep talking about institutions. The institutions that actually matter are governments and things like pension funds. A lot of the legal roadblocks have been removed and continue to be so. I think this will have a positive impact on the price long term, but we haven't seen much so far. Saying institutional adoption is increasing because MSTR and the ETF are popular seems dishonest to me. MSTR is pretty much an ETF like instrument aimed at retail, and I believe a lot of the ETF's are bought by retail as well. Yes, the both make it easier for institutions to buy bitcoin, but I don't think it's helpful to say institutions has bought 845k bitcoin because retail has bought it through MSTR.

SeriousSamalt2

The panic does feel overblown but the MSTR implosion risk is also on the table so I feel we will be stuck in a bearish market for a while

Seraph_2026

MSTR bought and then it pumped. [Strategy Is Still Buying : r/MSTR](https://www.reddit.com/r/MSTR/comments/1tzb7i7/strategy_is_still_buying/)

Local_Math_5512

It's product performance? What product. It buys BTC. That's the business. MSTR goes up when BTC goes up and it goes down when BTC goes down. STRC is just a credit instrument. This isn't the first time STRC has dipped. It's recovered back to par before and it will recover again. Why are you panicking over volatility that likely won't last the week? Raising the dividend isn't the only option for bringing STRC back to par. MSTR can also buy back STRC if it dips too far. Buying STRC back at a discount reduces liabilities for MSTR and they can always resell once the price trades back at par. STRC is practically a completely new asset class. Digital Credit backed by BTC didn't exist before this year. If you're panicking over short lived VOL than maybe get out now. This product isn't for you.

Popular_Tomorrow_204

So if i buy MSTR Calls, will i be Richer if i bought enough? Leverage on the leaverage on the leaverage has to be enough leverage to get rich, right?

fan_of_hakiksexydays

People always talk about MSTR and STRC being a potential black swan event. But there's actually a lot of other crypto-heavy companies, plus sovereign funds, and crypto heavy funds. There's a lot more defi this time around, crypto lending, and crypto banking that could come under heavy strain. Along with a ton of projects, alt coins, stablecoins, etc... that are taking a huge brunt right now. And all these things aren't isolated in a vaccum. We could see a domino effect of multiple collapses. That's why I don't think this time around the bear market black swan is just gonna be limited to just 3 things like when we had the Luna, FTX, Voyager combo. We could have a much bigger combo this time.

Local_Math_5512

They either sell shares of MSTR when the mNAV is at a premium to the underlying assets or they sell preferred shares through STRC, STRD, STRK, or STRF.

Jolly-Championship31

you nearly described MSTR perfectly in your first statement. except Saylor is central

OwlInteresting3239

One of the most fascinating things to watch are the people who follow MSTR religiously. It's truly a religion: whatever Saylor does, it was genius. The $100M that went towards the cash reserve diluted shareholders and reduced BTC per share. The MSTR subreddit is littered with comments about how only BTC per share matters, but as soon as the metric decreases, they are all silent.

East_Indication_7816

Institutions have been accumulating MSTR . Look at my post image.

Strange_Specific655

Blackrock and MSTR have some of the smartest investors in the world putting 10s of billions into a finite asset to hold long term. Trust some down syndrome kurmongeon on Reddit for financial advice instead of watching institutional adoption happen in front of you.

rollerplank

MSTR and Saylor both are so weird

HSuke

It would be cheap if they had used cash reserves to buy it. Instead, they used up their cash reserves to pay back a 0% loan prematurely last month, and then used more MSTR to buy less BTC.

whetherwhether

MSTR usually buys their BTC early in the week and BTC was crashing all through last week, especially into the weekend.

Own-Huckleberry-1853

**Strategy (MSTR) just bought 1,550 BTC today! If you know you know…**

BakedGoods

they sold $181Mill of MSTR, with that they bought $101Mill of BTC and the rest ($81Mill) + other cash was added to their reserve.

HSuke

How does buying BTC increase their cash reserve at all? It cost them more to buy now than before when MSTR price was much higher.

MrRoidsen

Why someone would invest in MSTR instead of just buying BTC?

Baseidou

Cause with STRC sitting at 93$/share they cannot use it to raise capital, so if they raised capital now it's by issuing more MSTR shares, which means diluting current shareholders

HSuke

> buy cheap Buy expensive. They're buying with MSTR, not cash (and MSTR price dropped harder than BTC price).

jondubb

Assuming it was a move deemed necessary from MSTR's board to show he would sell if needed, orrrrrr he made a bet and the venmo just hit.

zeehkaev

He basically raises it from investors. Literally offers new, freshly minted MSTR (his company) stocks, and invest in BTC. Investors think when bitcoin recovers, MSTR will either grow accordinly or grow more.

wes424

MSTR holders getting diluted

Lefties_TheWorst7331

MSTR doesn't DCA.. that is completely false. They often buy larger amounts when price is high because their assets (BTC) is worth more, therefore allowing them to borrow more money for BTC when it's price is higher.. they don't DCA a fixed amount all year, no.

NobodyImportant13

I don't think it will be catastrophic because the banks *should* be appropriately hedged by shorting a corresponding amount of BTC. MSTR will get slowly bled to death by the interest payments and eventually have to start unwinding BTC over time and/or directly diluting shareholders. But the dilution hasn't happened yet and won't happen for a while, which is what I think confuses a lot of people who have bought into this model.

freexe

But surely that get means MSTR is getting loaded with increasing risk and that failure with be catastrophic if BTC tanks even more.

NobodyImportant13

No one actually answered the question correctly. The reason is that they are using a convertible bond structure that apparently nobody understands. The are issued a special kind of bond over and over to get leverage that has the option (but not the obligation) to be converted into stock in future. For the creditors, they have the upside of stock, but the downside risk of bonds, *and* they collect interest in the meantime while they wait. This is how MSTR gets these low interest rate loans. Dilution will only happen if the stock price is high enough that it makes sense for the creditors to dilute the share holders. The banks that have given these loans are basically in a win-win situation where their bonds have low downside risk and high upside potential. They short BTC in some ratio to offset their convertible bond and basically just sit back and collect interest in a no risk situation.

oklistening01

$MSTR acting like the Chinese government and stolen all your bitcoin for cheep 😂😂😂

NobodyImportant13

There are plenty of ways to get BTC exposure yourself without self custody. There are now regulated ETFs, CBOE futures, etc. I'm thoroughly puzzled why anybody would pay a premium for MSTR stock, but apparently lots do.

Regret-Select

cool I won't be buying MSTR anymore tho

Known-Application106

Love how everyone lost their minds over a 32 BTC sale and now he's stacking 50x that. The "never be a net seller" thesis is playing out exactly like he said it would — rotate MSTR equity into more BTC at better ratios. Not a bad playbook if you've got the conviction to stomach the volatility along the way.

bitusher

>This is not really about whether 32 BTC matters. They did not need to sell to pay dividends and MSTR increased their fiat holdings to 80 million on hand as well as buying another 1,550 BTC This is his explanation why they sold a little : https://x.com/AlexesNakamoto/status/2061456930736951806 If Bitcoin can’t be sold, critics say it has no value. • If it has no value, the balance sheet value is zero. • If the balance sheet value is zero, credit rating agencies ignore it. • So you sell a tiny appreciated portion to prove Bitcoin is liquid, valuable, and real. What may confuse some is they might wonder why they needed to prove this when much better tests of liquidity proved how liquid Bitcoin is like when Germany made the foolish decision to sell 54,000 Bitcoins (BTC) at $57,900 in July 2024 for around 3 billion dollars . The answer is that they were not proving Bitcoin as an asset was liquid but creating a precedent that Strategy would be willing to sell to insure investors can always be paid a divided if needed and to insure credit rating agencies consider the value of their BTC holdings

longReshape40

If you can bet on someone to always buy the dip, it's Saylor. The question is how long he'll carry on. The recent sales should be concerning for anyone in MSTR. Personally, I think it'd be better for the BTC ecosystem as a whole if MSTR and Saylor wouldn't be in the picture

Regret-Select

No ty MSTR no more shares added to my portfolio

absurdcriminality

MSTR holders don't even know they financed this purchase, do they?

HSuke

If that's their strategy, it's a 50-IQ strategy because they paid more this time. The price ratio of BTC/MSTR **decreased**, so they were able to buy **LESS BTC** than before their BTC sale. **June 1 8-K SEC Filing**: * Sold 0.802M MSTR for $128.3 at $160.0/share * Sold 32 BTC for $2.5M at $77.1k/ea Price Ratio: BTC/MSTR was 482 **June 8th 8-K SEC Filing**: * Sold 1.41M MSTR for $181M at $128/share * Bought 1550 BTC for $101M at $65.3k/ea Price Ratio: BTC/MSTR was 510

HSuke

Just to be clear, the price ratio of BTC/MSTR **decreased**, so they were able to buy **LESS BTC** than before their BTC sale. **June 1 8-K SEC Filing**: * Sold 0.802M MSTR for $128.3 at $160.0/share * Sold 32 BTC for $2.5M at $77.1k/ea Price Ratio: BTC/MSTR is 482 **June 8th 8-K SEC Filing**: * Sold 1.41M MSTR for $181M at $128/share * Bought 1550 BTC for $101M at $65.3k/ea Price Ratio: BTC/MSTR is 510

Rock_Strongo

BTC hasn't followed the US stock market for a while though. Stock market has been hitting ATHs and BTC has barely moved still sitting almost 50% down on the year. That is why people are frustrated and eager to assign false narratives like MSTR selling 32 BTC causing a crash.

filament-addict

You need to watch coffezilla video about STRC. Containing clips of Saylor and his goons "explain" in a matter of course manner top with snobbishness that new customer is going to buy more strc because when it depeg 100 dollar per share it is going to increase the yield until goes back 100. 11%+ yield is pay for by the new money and Main MSTR is under no obligation to pay for the yield. Can't be more obvious a Ponzi.

Maleficent_Sound_919

I think most of the price action we seen is because of buying from MSTR

AsbestosDude

Well the bottom of the pyramid says BTC and the top of the pyramid says Convert, so in the end itll be 4 or 5 depending on what convert means MSTR STRD STRK STRF

PrestondeTipp

Unfortunately, other businesses leverage debt to make capital investment decisions that generate cash flow, and eventually, net income.  MSTR cannot realize either of these without disposing of the very asset that gives their firm value.

MustacheSwagBag

There's absolutely a legal risk to market manipulation...insider trading etc. but companies get away with it constantly, especially if they pay off the right people ahead of time, or just simply have those regulators in their pockets. Look at the large institutional withdrawal that caused the recent BTC slide from 110-->60K, it was all BTC institutional holders like Coinbase, Kraken, Binance who pulled out on the same exact day and caused the price to drop. I'm not saying I think the guy above me is correct in his assumption that MSTR is a problem and they're going to manipulate the price of bitcoin and profit off of shorting it(in fact I think that this would fly in the face of all their marketing/PR about BTC. If they did this it would be their final coup de grace in the crypto market and Saylor would run off to another country and bribe their leaders to offer him safe haven or some BS like that, would be a massive news event that would likely destroy a massive amount of faith in BTC. Just highly unlikely sequence of events tbh. I was clarifying what he was trying to say for those who didn't understand it.

AsbestosDude

Nah they just create new stock to sell under a different ticker, they have a presentation on it. MSTR is at the stop and then all the new stocks are below that one, each with a wider bar. Their graphic reminded me of a funnel but like upside-down

PrestondeTipp

Jesus Christ why would anyone be in MSTR Anyone defending this just has a parasocial relationship with the company or stock

Baseidou

Price is not higher, actually in the last week BTC lost 11%, MSTR lost 19% and its shareholders have been diluted as usual.

frugaleringenieur

Well, my $MSTR stocks are worse.

frugaleringenieur

They did not "have to sell" but chosed to signal that selling is possible for better institutional credit rating. At the same time, we have tons of buyers just not yet in the scale that $MSTR does, it's enormous a new. The world is catching up and buying pressure is growing even without $MSTR. There are a dozen of serious further Bitcoin treasury companies and retails is strongly buying as usual. AI in parallel draws the speculative buyers away, though. Further, we have a fucking bad geopolitical outlook since 2020 - that is the real drawdown that slowly arrives, just on in the AI sector, yet. But supply chains due to energy cuts by missing oil supply could be seriously affected, next.

Specific-Midnight867

very few companies own BTC. its too risky and volatile. just look at the MSTR quarterly earnings. It's impossible to know where the price is going. But I do know btc is a 0 sum game. its going to moon and crash again and again - especially with so many people leveraging and taking loans against their positions. the miners need their cut to keep the lights on. its very risky. So yes, it could go to 20k, then to 250k, then back to 60k again. its a roller coaster. it ends where it starts.

HSuke

Even if they are buying BTC, it's MORE expensive for them to buy it now because: 1. They can't use cash because they burned through 70% of their cash reserves last month paying off a 0%-interest loan 2. They need to sell MSTR to buy it, and MSTR fell even harder than BTC, so it's more expensive to trade MSTR for BTC

Suitable_Acadia_190

The AI rotation thesis is the most underrated part of this. When Nvidia feels expensive to a pension fund, BTC starts looking like the next asymmetric bet. That capital has to go somewhere. The Saylor concern is legitimate but the mechanism matters. MSTR's convertible note structure only becomes a forced selling event at prices well below current levels. The real risk isn't Saylor, it's the macro correlation trade unwinding if the AI bubble deflates and risk-off hits everything simultaneously. $60K as the line in the sand tracks with where a significant amount of leveraged long exposure gets flushed. That level held twice already. Third test is always the most informative.

Archontes

There's no vehicle for compelling the eventual payment, though. MSTR could just suspend the payments in perpetuity.

MacMuthafukinDre

Max pain is 75k for BTC ($13.8B-6/26) and 180 for MSTR. Barely any ITM calls. Looking bullish.

MiddleEarthVagrant

Why not just invest in MSTR instead. You’ll make more long term

SnooHobbies720

Only way to make constant money is to adjust long and short on the etfs. Follow the trend and do not go back and fourth. You think the trend is over then sell and wait until that is confirmed. Just like this past week. 100% gain on MSTZ. Shorting MSTR. You can do the same with bitcoin only etfs but they do not go as hard and as fast. BTCZ Only made 38% last week. Still amazing. Now that bitcoin is low eveyone buying / has bought for it to go up. Which is what caused the dip in MSTU.. The trend may switch to the upside this week since it has over the weekend but could still be a bull trap....You would wait for further confirmation as a responsible investor or have already bought the dip at 59k with the assumption you can grab a few thousand before it pulls back again. If I were buying actual bitcoin like you guys. Safe to say you should buy every 10k dip in massive quantity vs buying weekly or monthly. If you are impatient then at least buy every 5k dip (1 week to 2 weeks) 5k keeps you in all the time. 10k you will be waiting that month most likely. I am one that believes bitcoin still has another go but that could happen only after dropping down to 20k 30k. You know how it goes with stocks. Shorts take them all the way down as far as they can and only pump back up if they believe its a safe bet. Otherwise they leave it for dead.

FnAardvark

Maybe 50k? At that point I may buy ASST or MSTR though. I'm happy with my BTC stack, so it would be more of a swing trade than a buy and hold.

Apprehensive-File552

This mentality is the copium that is in the MSTR subreddit. Bunch of clowns including the mods who run it. They ban anyone who tells the actual truth that the company is overleveraged and a ponzi scheme. Can't wait for investigation on the proxy trading of MSTR's BTC purchases somehow always being the peak and highest average during the week prior.

MelangeBot

He sold because there is another interest payment coming that they have to make and they are running out of cash. When they run out of cash they need to issue more shares to get both the money to buy Bitcoin with and the money to pay their dividents. The problem is that with MSTR going down so much and even STRK and STRC going down (and being under 100) there is a lot less buying of those going on because people are scared of putting their money in to it. So Saylor can't buy Bitcoin because he has no money. He also can't sell any Bitcoin because he is pretty much the only buyer.

No-Problem49

Could be anyone. Whales are left in a prisoners dilemma sort of scenario with MSTR where they have to front run any one else attempting to sell before MSTR pain points. One of the ways to solve that prisoners dilemma is to just crash the price and short MSTR yourself before someone else does it.

Moist-Fruit-693

> Where’s everyone landing — capitulation flush, or the start of something worse? And is the SOL flow divergence signal or noise? Technical analysis has rotted your brain. More people are selling than are buying, a big reason might be worries about MSTR beginning to shit the bed.

harvested

No clue about the short term, but all the tourists are gone. Providing MSTR doesn't need to puke up coins, we should have a good base here. Long term bullish.

Local_Math_5512

The Dude still owns $15 Million of MSTR shares.

AutoModerator

Post is by: Fit_Equal6932 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tz1f7g/what_do_you_think_mstr_filings_will_show_come/ They need to pad up their USD Reserve fast. The only have 6.3 months worth of dividends payments left before they need to liquidate BTC Per their 10-Q: [https://www.sec.gov/Archives/edgar/data/1050446/000105044626000031/mstr-20260331.htm](https://www.sec.gov/Archives/edgar/data/1050446/000105044626000031/mstr-20260331.htm) "Further, for any additional shares of STRC Stock that we issue under the ATM of STRC Stock, our current intention (which is subject to change in our sole and absolute discretion) is to issue **any such shares of STRC Stock at a price per share not less than $99 or more than $101**. **However, we may issue any additional shares of STRC Stock at any price we choose.**" |**Date / Security**|**Shares Sold**|**Notional Value (in millions) (1)**|**Net Proceeds (in millions) (2)**|**Available for Issuance and Sale (in millions)**| |:-|:-|:-|:-|:-| |**April 26** *MSTR Class A Common Stock*|1,451,601|$-|$255.0|$26,474.5| |**May 3** *MSTR Class A Common Stock*|492,210|$-|$82.0|$26,392.4| |**May 10** *MSTR Class A Common Stock*|231,324|$-|$42.9|$26,349.4| |**May 17** *MSTR Class A Common Stock*|430,344|$-|$83.7|$26,265.7| They can always issue more MSTR which they have been. Last month's totals were: And last week: "On May 26, 2026, Strategy Inc ("Strategy") announced that, during the period between May 18, 2026 and May 25, 2026, **Strategy did not sell any shares under its at-the-market offering program and did not purchase any bitcoin. "** What do you think they did? ATM for stock and the USD reserve looks better now? Bought a few bitcoin to project strength? Would this project enough strength to kick the can down the road and everything calms down or is it irretrievable? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Miamiconnectionexo

The thing that trips people up is reading insider transactions on MSTR like normal companies. Pull the Form 4 yourself on the SEC EDGAR site instead of the headline. It almost always shows a matching option exercise on the same date, which is the tell that it is mechanical, not conviction-based selling. If you ever see him dumping shares with no corresponding exercise, that is the day to actually pay attention.

Fit_Equal6932

This is completely plausible as long as Saylor is around. We can talk when he has nothing to do with all this with his MSTR nonsense.

ProceduralTaco

If MSTR can’t pay the dividends on preferred stock STRC then MSTR would be worth 0. That is how cap tables work. The fact that STRC is discounted at an effective 12% dividend implies people have low confidence. High confidence would be 4-5% dividend and trade at par. You don’t offer a big dividend to be cool. I don’t think MSTR will go to zero either. It’s an unsophisticated pov to think the choice are between bankruptcy and the moon. It could just go down a bit more.

Fit_Equal6932

Not just the CEO, the whole posse: |Form & File|Filed ↓|Reporting for|Filing entity/person| |:-|:-|:-|:-| |[144 (Sale of securities)](https://www.sec.gov/Archives/edgar/data/1050446/000195917326004394/xsl144X01/primary_doc.xml)|2026-06-05||Strategy Inc (MSTR, STRC, STRD, STRF, STRK)Kang Andrew| |[144 (Sale of securities)](https://www.sec.gov/Archives/edgar/data/1050446/000195917326004392/xsl144X01/primary_doc.xml)|2026-06-05||Strategy Inc (MSTR, STRC, STRD, STRF, STRK)Le Phong| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1825170/000182517026000006/xslF345X06/ownership.xml)|2026-06-05|2026-06-03|Kang AndrewStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1651669/000165166926000005/xslF345X06/ownership.xml)|2026-06-05|2026-06-03|Le PhongStrategy Inc| |[DEFA14A (Proxy materials)](https://www.sec.gov/Archives/edgar/data/1050446/000119312526257683/mstr-20260604.htm)|2026-06-04||Strategy Inc (MSTR, STRC, STRD, STRF, STRK)| |[DEFA14A (Proxy materials)](https://www.sec.gov/Archives/edgar/data/1050446/000119312526255709/mstr-20260603.htm)|2026-06-03||Strategy Inc (MSTR, STRC, STRD, STRF, STRK)| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1624877/000162487726000009/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|BROOKS BRIAN PStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1466505/000146650526000002/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|WINIARSKI GREGGStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1341187/000134118726000002/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|Dietze Jane AStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1309191/000130919126000024/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|Patten Jarrod MStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1282917/000128291726000002/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|GRAHAM STEPHEN XStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1203479/000120347926000002/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|RICKERTSEN CARL JStrategy Inc| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1380193/000119312526253980/xslF345X06/ownership.xml)|2026-06-02|2026-05-31|Briger Peter L JRStrategy Inc| |[DEFA14A (Proxy materials)](https://www.sec.gov/Archives/edgar/data/1050446/000119312526253781/mstr-20260602.htm)|2026-06-02||Strategy Inc (MSTR, STRC, STRD, STRF, STRK)| |[4 (Insider trading report)](https://www.sec.gov/Archives/edgar/data/1309191/000130919126000022/xslF345X06/ownership.xml)|2026-06-01|2026-05-28|Patten Jarrod MStrategy Inc|