MSTR

3Puttz

Why not both? I have all my 401k on btc ETFs and MSTR

ConfuciusYorkZi

No, japan is too small of a market, and im not looking for the performance of MSTR. Im looking for a vehicle of volatility to sell CC's, to generate cash flow and reinvest into BTC.

xXSomethingStupidXx

Shorting the dollar to buy more BTC is what MSTR is doing

wowsolanky

Either work hard or use any credit cards to trade MSTR options

lightpotato123

Can’t wait for MSTR to crush Berkshire market cap

Hfksnfgitndskfjridnf

Has nothing to do with it being a scam, and everything to do with the fact that there is no incentive for users to pay more than they are forced to. Let’s say MSTR owns 3% of all Bitcoin and a competitor MSTL also owns 3%. If MSTR pays to keep the network secure and MSTL doesn’t, no matter what happens to the price of Bitcoin, MSTL will be better off. That’s just game theory.

Hfksnfgitndskfjridnf

Does 1 + 1 =2? Or are you not 100% sure? Bitcoin is fundamentally flawed, I am no a genius for pointing this out, just like any physicist pointing out some random supposed perpetual motion machine doesn’t work isn’t a genius. The mining incentive mechanism does not work long term. Just because you don’t understand doesn’t mean it isn’t true. The network costs billions a year to maintain, and currently users pay next to nothing of that cost. There is zero evidence that users will pay billions in the future. We have 16 years of data that tell us that they won’t. If they aren’t willing to pay billions now, what makes you think they will be willing to pay billions in the future? MSTR owns 3% of all Bitcoin and makes 50 transactions a year. Are they going to pay hundreds of millions a year in fees to keep the network secure? Are they going to mine at a huge loss to keep the network secure? No, they won’t, it would destroy their stock price and invalidate their investment thesis. They will do exactly what they’re doing now, try and freeload. And so will everyone else, which is why it will fail. There have been countless things like Bitcoin that have pumped in price only to ultimately collapse. Bitcoin is just the latest one.

codemajdoor

as long as that is not exactly aligned with a nuclear war on earth I still have redundancy. also nothing stopping one from launching a few more cubesats. for the current market cap of bitcoin and even MSTR a few 10k expense if peanuts. same deal with a bunch of nodes manually swapped out from a faraday cage every few days should be good enough of a ledger backup. point is its trivial to reboot bitcoin infra after a catestrophe. unless you believe electricity & shortwave radio will not exist anymore then sure all bets are off. But I tend to give humanity a little more credit.

Senior-Profit-1626

What happens to the price of Bitcoin when they finally see the light 💡 It will come. It will happen. Even if it is just MSTR or likewise. Just saying…

MarginCalledMom

The Bitcoin daily thread is way quieter than it was this time in the 2021 run. Either means 1 of a few things. Retail is mostly not in and uninterested -> could mean massive liquidity surge once they do become interested and up we go, or economic conditions are truly gruesome and people don’t have the money to buy what they consider a heavy risk-on asset. That would mean Bitcoin is currently being mostly propped up by institutions (ETFs/Blackrock/MSTR). Either way, BTC is the only way and we are so early (still)

Terhonator

I am not sure does this fit for your situation but I use derivatives to get leverage. Details depend really on your broker. Personally I am investing to MSTR stock with derivative which has 100 USD to loaned money per share. (100 / 380 = 0,263) 26,3 % loaned money and 73,7 % own money.

mintyto

Another MSTR copycat, what could go wrong

Oo0o8o0oO

Do you think I don’t know that? As a publicly traded company, they are held to rules dictated by the SEC and not the fundamental principals of Bitcoin, as OP suggests. As per those rules, KPMG says they have the coins. In case you forgot, MSTR is not Bitcoin. Nobody’s forcing you to buy MSTR. You can still buy and hold your own coin if you don’t trust them.

Oo0o8o0oO

Do you think I don’t know that? As a publicly traded company, they are held to rules dictated by the SEC and not the fundamental principals of Bitcoin, as OP suggests. As per those rules, KPMG says they have the coins. In case you forgot, MSTR is not Bitcoin. Nobody’s forcing you to buy MSTR. You can still buy and hold your own coin if you don’t trust them.

tofufeaster

Price is fundamentally linked to supply though. Huge entities holding a massive portion of the total percent of supply is possible in the future. MSTR already owns like 1/3 of total supply? Bitcoin is infinitely divisible basically as well so the supply can be manipulated.

Copyof

Agreed. It may be a problem or potential concern for MSTR shareholders, but is none of our business otherwise.

Over_Star_8596

I am on the fence.. I get dividends from MSTY, then 1/3 goes into MSTR, 1/3 bitcoin and the remainder back into MSTY. Rinse and repeat till needed. I will say I have another account with other monies and seriously thinking of cashing all that in for the might Bitcoin. Hold for the next 10 years.. IF I live that long.. One never knows what God has planned

Oo0o8o0oO

You bring up “the point of Bitcoin” as if there’s only one point or that Bitcoin was invented to verify what MSTR is doing with their reserve strategy. Not your keys not your coins is also “the point of Bitcoin”. Don’t like it, don’t invest your fiat in it. This isn’t a Bitcoin problem.

Mak333

We have a couple of individual brokerage accounts. One of them has 2/3s of our investing, which is the one that is basically all MSTR. And another one that is made up of tech stocks that are more for swing trading. Our 401ks are in pretty good shape we're being more risky as far as personal investing goes.

Lonely_Platform7702

You mean everything? MSTR is basically just a leveraged BTC holding :')

GoldmezAddams

I think the common wisdom is that many if not most of these treasury companies are going to either get killed by the bear or underperform BTC in the long run. If you really want to get in on some treasury greed, you're probably better off trying to pick a couple winners like MSTR. I'm personally steering clear of that whole strategy. Whichever recent What Bitcoin Did guest described them as "Ponzi adjacent" pretty well captured how I feel about it.

aaj094

It is hard to quantify the extent of impact on the stock overall but undoubtedly, a lot of UK retail will look to dump MSTR in Oct and switch that allocation to proper physically backed etps. MSTR has had an extended period of artificial demand from UK retail due to the illogical restrictions on etps by the FCA and it was the only way to get bitcoin exposure in tax advantaged accounts. But no more from October. Why will anyone choose to pay twice the underlying nav for a quasi ponzi stock when they can just achieve the objective of tax shelter using proper physically backed etps which track bitcoin 1:1?

JamesScotlandBruce

Even better. You could sell at the peak. Then short it to the bottom. Earn money both ways? It starts to sound much more risky then. Because it is risky trying to catch the top and bottom. Having said that I'll probably sell about a quarter of my BTC and keep a quarter of my MSTR and see what happens. 🤞

Mak333

I had up to 50% in crypto last year. Had a Coinbase scare that is now resolved, but moved 98% into MSTR, so now not much at all.

Fluid_Lawfulness1127

MSTR is a stock for a company that owns a lot of Bitcoin. When you buy it, you're buying shares in that company, not actual Bitcoin. People buy MSTR instead of Bitcoin because it can go up faster when Bitcoin goes up. You can also trade it easily in a stock account. But you don’t control any real Bitcoin if you buy MSTR. MSTC is a version of MSTR that comes from a debt deal. It's like a mix between a stock and a loan. It can pay interest and might turn into regular MSTR later through a conversion. I don't think it's intended for retail investors. If you're just looking to invest in MicroStrategy, MSTR is the simple option. There are other simple options, like Bitcoin ETFs (Fidelity offers one). Probably best to just own the BTC and keys on your own, but going a simpler route is better than nothing.

Sanguinius

There is no Ripple Foundation. The company Ripple currently owns \~50% of the supply, which has been locked in a monthly release escrow since 2017. This was implemented (and commented on at the time) by Ripple to ensure the supply couldn't be dumped. The other \~50% is in the broad market. Michael Saylor and MSTR has no such mechanism. If he gets margin called, you can bet your bottom he'll start selling en masse. The mysterious 'Satoshi' holds one 21st of all BTC in an account that could be dumped at any point and absolutely ruin the price, albeit unlikely.

omg_its_dan

Bitcoin is long duration capital. Money you won’t need for minimum of 4 years. If you’re trying to live from this money, you’d want to also diversify into some shorter term instruments. Find something medium term for money you won’t need for a year (like a CD). Lastly keep a liquid cash account with 3-6 months of expenses. If you want to build this all around Bitcoin, check out MSTR’s preferred stocks. They’ve created 4 different options that now cover the entire yield curve of duration vs. return.

bestjaegerpilot

right now right now it looks like the market got spooked by the job report and a possible war with Russia IMO there's likely more lows to come this week I'd put money in Bitcoin and MSTR. maybe ETH. maybe Tron

casiocoin

Coinbase is where all of the ETF volume will be (mostly) it’s going to be the next TSLA/GOOG. MSTR will probably do well but the real money will be in the ADTV. The crazy thing is BTC hasn’t even truly hit supply shock yet, I don’t think, which is wild considering the small amount that’s left out of wallets and exchanges.

TestNet777

No one is going to feel bad when MSTR implodes. Not even Michael Saylor, since he’s been cashing out all the way.

Pabzzzzzz

For sure. Been stacking since 2017, but nowadays I tend to use charts to find the best entry times, plus also doing a little bit of swing trading with a small percentage of the portfolio. Bring on $1m!! By my calculations $200-300k should be possir this cycle, $600-$900k next cycle. Probably more with MSTR and everyone else gobbling up every last bitcoin

rhythm_of_eth

If Bitcoin stays indefinitely at current levels MSTR also dies.

Simpso1996

I think it’s harder than that to calculate. Does it include people who own it indirectly? Like through etf or through an intermediary like Robinhood or Coinbase? What about those who own a lot of MSTR stock?

Obsidianram

He's removing the headphone port from MSTR, so it's all good...

slicer718

People who buy his financial instruments don’t seem to think that there is a possibility of default and losing your principal and/or converted to worthless MSTR shares. 9% isn’t great if you lose your principal.

omg_its_dan

Treasury companies may outperform BTC if run properly but they also have a multitude of more risks than bitcoin itself. I do hold some MSTR but the majority of my money will always be in Bitcoin.

Regret-Select

The same regular people which have 401ks, yes? So these same regular people putting money into either Nasdaq100 or S&P00, some of theat money automatically goes to companies that use said money to buy Bitcoin Retail no longer has as much influence over the price, you're welcome to believe it's a bubble tho 16 year bubble, seems weird. Seems like something to say, but results never show "it pops" Maybe this is the year. I don't think so, nor do I think it'd a bubble any year, ao I'll gladly continue to use Bitcoin Why would Fidelty accept Bitcoin, if it's a bubble? Fidelty doesn't deal with things they don't deem serious. Why would Vangaurd be MSTR's 14th largest investor in the world? Vanguard is so conservative, you can't even invest in Nasdaq100 directly. Yet... Vanguard is the 14th largest investor of MSTR. Seems Vangaurd trust MSTR buying Bitcoin, than the entire Nasdaq100. But hey, it's probably a bubble right

Own_Package2367

Remember MSTR

Accomplished_Path292

This is an interesting thought experiment, which may become a reality. I understand what you are suggesting (i think), if someone were to hypothetically hack bitcoin and drain a wallet by generating seed phrases with wallets containing bitcoin, the onchain data would show just another normal transaction and no one would know that it was caused by a quantum computer generating a seed phrase with a wallet already containing bitcoin. While this is true, what else needs to be true for this to be a reality? Someone would also need the resources to pull this off, is this a team or an individual? Are all members complicit in this secret and know? How long until people clue on? If it's one entity doing it surely there'd be signs that wallets are randomly ending up in that entity..? If it's more than one entity, it means that quantum computing is more readily available than a pipe dream, which means it would likely already be a known imminent threat and would potentially get people off their are to have created forks to secure the network. I guess I'm just typing out loud, while I dont disagree with you i think a lot of things need to be in order for it to work. I think if it pans out how you say then the bigger wallets would actually be safer as there is more eyes on that, makes sense to go for smaller wallets where people shrug it off as being a quantum attack rather than MSTR or the US holdings for example. I think if those wallets move btc unexpectedly and inexplicably, ppl would clue on quickly and it would tank the system.

xarips

MSTR will destroy bitcoin as we know it

tapakip

I agree to an extent, but not to that level of severity. The 3 major BTC periods before this one saw drawdowns of: 87% (2013-2015) 84% (2017-2018) and 77.5% (2021-2023) So with those in mind, I think a drawdown of only 50% in 2031 sounds downright delightful. That's a dramatic difference. Will it come to fruition? We'll see. I don't think so, but we've never had institutional adoption like this which may blunt the massive selloffs we've seen in the past. It could also exacerbate it, for all we know, as brand new participants in the crypto market (maybe via their 401k's) freak out and sell off, same as always happens. Also just to be crystal clear, I do not believe BTC flips gold in 5 years. I just think there's an outside chance it gets to gold's current MC ($22T) in that timeframe, but gold will probably be somewhere around $50T-$60T by then. Obviously it would take BTC getting to literally a million to get to $21T FDV, which will happen eventually, I just don't know if it happens next cycle or not. Last but not least, I don't think MSTR's Saylor is far off when he puts a 29% CAGR out there. Seems like a good base case for BTC, all things considered. Thanks for your response, btw.

Due-Candy-8929

lol the irony is… these people have bought so hard into some dumb mind controlled narrative that maxis and others with vested interests have regurgitated into their mouths… gives very ‘mind controlled’ vibes… The original Bitcoin holders were innovative forward thinking, and saw the opportunities before everyone else… the current generation just monkey see monkey do copies what people did in the past and are extremely close minded, and fud on technology which has potential… XRP is faster, cheaper and doesn’t rely on mining that burns as much energy as entire countries… what happens when all tokens are allocated, but mining is still required to compensate miners? Fees will go through the roof! (When BTC is moved using layer 2s or is tokenized on other layer 1s it effectively becomes more centralized as there is a third party that is a potential point of failure) XRP was criticized as the bankers coin, but now maxis cheer as banks governments and institutions buy up control and concentration grows - crypto moves closer to tradfi every day… and new investors don’t care about the original crypto ideals that were so anti-gov anti-establishment anti-tax / Wild West… companies like MSTR take decentralised Bitcoin, and wrap it in a little centralized bag for investors, all as their concentration grows, and people sacrifice self custody - it seems the goal posts are so fast to shift, and it’s not hard to find contradictions in what is suddenly good or bad

FuckM0reFromR

Whatever happens, the MSTR youtube docs are gonna be epic.

clintstorres

I won’t say never but I think it is highly unlikely MSTR gets included in the S&P anytime soon or ever. The S&P doesn’t include holding companies which is what the company now is. Crazier things have happened but in the short term I don’t think there is much of a chance it will be included.

GMUPatriot87

Yes. I thought about starting a position with MSTR today, but bought more btc instead.

dataCollector42069

easiest money I been making was buying MSTR puts. Stock didnt reach ATHs even though btc was over 20k higher than MSTRs ATHs

Future-Isopod-9175

Look at MSTR DUMP lol

ErrorcMix

can’t wait to short MSTR at the perfect time

ThatChrisGuy7

MSTR almost down 10% in 5 days and is basically negative for the last month. COIN getting wrecked BTC on its way down.

Aconceptthatworks

If MSTR for some reason collapses, and he needs to offload 3% of the current BTC holdings, its gonna be rough. This is the biggest risk for BTC in my opinion. But if he cant get the ponzi going BTC will keep going up.

r2d2overbb8

the issue is that if everyone knows Saylor is a forced seller, will there be any buyers because chances are most of the other major holders will be in the same situation. Also, if investors know that Saylor will be a forced seller, they will front-run him by shorting bitcoin, which lowers the price and thus means MSTR will need to sell more bitcoin to raise the same amount of money and could lead to a downward cycle.

rtmxavi

[full interview ](https://www.reddit.com/r/MSTR/s/J6omARY2OY)

AlxCds

There are bond funds that can’t invest in bitcoin but they can invest in MSTR bonds.

papuniu

wait for MSTR to integrate SP500... and all the ETF investors will indirectly buy his shares....

cosmicnag

Dumb shitcoin bagholders holding shitcoins in this sub and yapping about MSTR aquiring too much bitcoin. Worry more about your own shitcoins and staying poor and getting rug pulled.

cassydd

I'm not sure, but as I understand it there will typically be a price premium between an ETF (which this is pretty close to being) and its underlying assets, otherwise the shareholders could liquidate the company and split the assets for a profit. This puts a floor on the share price which is determined by the price of the underlying assets, but the price isn't going to drop to that floor because the value of the underlying asset could rise again. So the more volatile BTC is, the higher MSTR's (and similar) premium is likely to be. You can get a better explanation - probably with diagrams and stuff - off google I reckon but that's my tentative take on it.

TestNet777

MSTR operations are essentially non existent. They can’t do anything without raising money outside of business operations. They buy BTC by dilution or issuing debt. They are able to do this today because the stock is volatile and the debtors can use options to effectively collect interest until maturity. In an up market, debt will convert to MSTR. In a down market, MSTR will need to repay the debt. How? By issuing more debt. That’s a ponzi. Now let’s go a step further. MSTR is now issuing preferred stock paying 8-10% interest. They use the proceeds to buy BTC. How do they pay the interest? By issuing more debt. Ponzi. As long as BTC increases, the cascade effect up is good for MSTR. When BTC drops, the cascade effect down is just as powerful. Just look at 2022. MSTR has gone into overdrive since then. If/when BTC has another big drop, MSTR will implode.

benroon

MSTR has barely tracked BTC for a while now - seems under pressure to me.

waterfucker_

MSTR owns 3%. How many % do 10 wealthiest persons in USA own of dollar?

jackandjillonthehill

Whoa, so Michael Saylor has a NEW class of security, perpetual preferred stock, ahead of common stock of MSTR. How much actual Bitcoin belongs to MSTR shareholders after convertible bonds and perpetual stock is paid off…

MechRxn

MSTR is based on an asset that is a Ponzi scheme, so by default yes MSTR is a Ponzi scheme itself. That’s the issue that’s being raised

MechRxn

All of crypto is, just easier to accept MSTR’s position given the way they are doing it

substance-x0

Every time news comes out that MSTR is buying Bitcoin, I buy $1,000 worth of Bitcoin. The top is just 0.01 Bitcoin. There’s nothing wrong with that. I just seem like an out-of-reach average Joe. I’ll probably keep at it—what else should I do? Thanks.

Kitchen_Image_1031

Michael .. when will MSTR run out of gas!! 

Due-Candy-8929

my reply was too long to post, but here is a TLDR version of it! * **XRP is cheap to move**, regardless of the amount. Fees are a flat **0.00001 XRP**, which is **burned**, not paid to Ripple or validators. This acts as a **spam deterrent** and makes XRP **deflationary**, though the burn rate is slow. * **The XRPL is decentralized** in that it has no single point of failure. If Ripple vanished, the ledger would still function. Accumulation (like BTC by institutions) is **concentration**, not centralization. * **Wrapped products** (e.g. WBTC, MSTR, or some L2s) do add centralized elements by introducing custodians or third parties. * **Bitcoin’s energy use is huge**, but currently justified by block rewards. In the future, once rewards end, miners will rely solely on **transaction fees**, which may need to rise to sustain security and avoid hashrate drops. * **$1000 XRP predictions are fantasy** — that would require an absurd market cap. Most realistic TA expects **$8–$15**if things go well. * The **40% locked XRP supply** is shrinking over time via Ripple’s escrow schedule. While optically high, Ripple has arguably been a **net positive** through adoption efforts and partnerships. * **XRP, ETH, and BTC are the only three coins** to stay in the top 10 throughout their entire histories. Longevity and network matter more than marginal tech gains once costs are already tiny. * For TA, I follow **Blockchain Backer** and **Moon Lambo** — more for understanding **market psychology and cycles**, not price calls. I’m focused on signals near the BTC top, not specific price targets. * People were calling **ETH and XRP “dead”** earlier this year — I bought both during the FUD. Volatility is part of the game, and smaller caps will always be higher risk/reward. * I question how many influencers genuinely believe what they say — many repeat bad info or farm clicks. Even maxis do it in echo chambers. * **XRP trending on Google** isn’t likely due to scammers boosting search — scammers jump on trends, they don’t create them. Rising interest (positive or negative) draws in attention either way.

Due-Candy-8929

Good questions ; \- Cheap is a big feature of XRP... There is not a heavy cost involved in utilising the Escrow, XRP is incredibly cheap to move, and the cost is not dependent on the amount of volume being moved (ie it can cost the same to move a lot of XRP vs a tiny amount) Each transaction burns a tiny bit of XRP (0.00001 XRP), which is removed entirely from the supply. This fee does not go to ripple, the XRPL or validators, but is removed from the supply - It is effectively just a safe guard against spam and the burn fee increases dynamically if there is spam, making it expensive to deliberately flood the network with junk transactions. This burn mechanic also has the advantage of making XRP truly deflationary. Eth and Sol fees in comparison are given to validators as a reward, and while both can be deflationary, more is still minted so they can be inflationary. \- the XRPL is decentralized from the point of view that there is no central point of failure... If Ripple sells or burnt all of their XRP, XRP would still exist as a block chain - Bitcoin does not become more centralised as companies / governments / institutions/ miners get more and more of it - it can become more concentrated but that is a different issue to centralization. (Products like MSTR are effectively decentralised bitcoin in a centralized wrapper though), and layer 2s can add a layer of centralization (from the perspective that now there is a third party involved that may be a point of failure) \- Despite a very high level of decentralization Bitcoin does have other isssues that we will have to face in the future : Currently Bitcoin mining uses as much energy as some countries, but those miners are being rewarded with new coins - what happens when miners are no longer being rewarded with new coins, but mining is still required to move bitcoin and for a high hash rate? fees will have to go through the roof to keep mining viable.

never_safe_for_life

I had a long talk with a Bitcoin maxi around 3 years ago (when ETHBTC was at about its high). He patiently let me steelman the eth position, but by then end I was convinced it was BTC only. So i went from 60/40 BTC/eth to 90/10. Forgot about it until a year ago when everyone was reporting on the ethbtc ratio dropping massively over the years, and I was like god damn. He was my savior. Sold that last 10% for some MSTR 6 months ago. We all need a little hot sauce. I wish all eth maxis luck, but I’m off that train. I sleep soundly on my decision.

OrangePillar

Sell the news with MSTR earnings report, is my guess.

TestNet777

Not only is MSTR a ponzi in itself but they are building ponzi’s inside the ponzi with the preferred offerings. The unraveling is going to one for the record books.

KifDawg

Getting SMST in the new year for this exact reason (2x MSTR inverse) road mstr up, gonna ride smst down

Due-Candy-8929

I Would trust Brad and ripple far more than michael Saylor and MSTR - RLUSD is the most regulated stable coin, meanwhile Saylor says proof of reserves aren’t a good idea - Ripple was criticized for being ‘the bankers coin’ for a long time but now is positioned well as the lines between crypto / trad fi start to blend… Old crypto holders were very anti-gov anti-tax / Wild West but seems like now people want things to be tradfi adjacent because it means banks institutions govts can all bring money in … newer investors don’t really care about the old ideals and goalposts are switched - as things move from Wild West to Wall Street

pp08

Yes, all the time. But they don't recognize capital gains profits until they do sell, unlike MSTR here.

Obsidianram

At some point, MSTR is going to hit the proverbial brick wall going at the speed of light...and it will be a glorious sight to behold...

GodEmperorOfArrakis

Roger that, then to “get started” with Bitcoin I recommend either learning about self custody and purchasing a hardware wallet before DCA’ing via Strike or River. If self custody isn’t your fancy, IBIT and MSTR provide exposure to Bitcoin however IBIT is more a straightforward Bitcoin ETF compared to MSTRs wizardry.

1HashPerSecond

MSTR doing it. They don't buy to hold (aka never follow or trust influencers), they will OTC to refund, and they will fight for a piece of that pie. By "they", I mean, everybody. They will all fight for BTC, it's unstoppable anyway.

rgnet1

Very little is known about how custodians manage the security. I would bet it is very likely in the next 5 years there is a breach at a major custodian for one of the ETFs or even MSTR. Negligence, theft, incompetence... it's probably the next FTX-style black swan event. But as always, temporary price crash or not, bitcoin will still be there, working as always.

Odd-Ad-1271

You just as dumb as the rest there isn’t any bitcoin left it’s almost out and when that happens in the next 5 to 10 years it’s gonna but that ya forgetting it’s 8billion ppl 21 million coins mane ya are so newbie …the federal reserve is about to buy bitcoin because the money system is messed up so you think other countries isnt gonna buy!!!! We already have meta planet and MSTR buying everything and you saying he’s not gonna be alive …yea you have rude awakening!!! On how wrong and slow you are

barthib

M. Saylor buys billions every week or so but BTC doesn't move, blocked by $9B of shorts all the way up to 125k. Same story with Ethereum and its treasury companies. MSTR and other treasury company stocks are losing value lately. With the Clarity Act, Solana and Ripple will be harder to invest in and use. Overconfidence of speculators despite looming inflation caused by tariffs.

Jeremiah_Vicious

Maybe Saylor will destroy MSTR’s private keys or send the bitcoin to an address no one has the keys to. Be epic.

AgitatedJury9632

Because time in market is more important than timing the market. You, me and the tree have no idea if this is the top of the market. All it takes is cutting interest rates and the economy pumping for this to go up even higher. If it drops, the new low may be higher than this entry point t. And then OP would feel bad they didn’t buy sooner and wait for it to drop down missing out on a larger number of sats. This is not a stock and BTC is in the midst of not just being a risk on stock but it will eventually be a safe haven asset. With institutional adoption, treasure company growth and retail not at a frenzy , there is as much a risk for upside as downside. In 4-5 years whether OP buys now or down 30k it will be likely be a less than 10% difference but they could have missed out on a parabolic event. 80k bitcoin was just sold in one day and the price of BTC went down just 3k and then recovered. If all the BTC treasury companies outside of MSTR were to sell their BTC at the same time, that would be less than that sale. I am a relative Noob, but at least until midterm elections I do not know how you could not say “This time is different” with all of the structural changes to the BTC economy.

JuxtaposeLife

When 600% on average more than daily mined bitcoin has been bought by entities that aren't timing the market (aka won't sell) like MSTR and ETFs ... you stop seeing drops from emotions. I get that people need to see the next 18 months to understand what's obvious about the end of these "cycles" Slow boring upward movement at 40% annual gains... learn to love how that will turn you into a multi millionaire if you stop trying to time it... take the easy route to wealth.

anonomya

MSTR issues equity and convertible/preferred shares to fund BTC buys—which can dilute or increase BTC‑per‑share depending on NAV dynamics. MSTR issues equity and convertible/preferred shares to fund BTC buys—which can dilute or increase BTC‑per‑share depending on NAV dynamics but it usually trades ~1.6–1.9x NAV. Essentially it’s a leveraged bet, with extra volatility which amplifies returns in both the positive and negative direction. But that also means if BTC doesn’t keep rising, then you’d be correct that the stock is currently overpriced at its current value. You are paying a premium for the access, but with the strategy in place, you will make your money back in the long-term.

DryGeneral990

It's leveraged. MSTR is up 36% YTD while BTC is up 25%.

erflings

How do you reconcile the fact that MSTR owns just $70B in bitcoin but the market cap is $112B? You’re essentially paying 60% above the bitcoin market rate to get exposure.

Churchanddestroy

What exactly is MSTR?

anonomya

My Roth is 100% MSTR

harvested

MSTR earnings is probably more bullish than today's announcement.. I'm expecting a nothing burger. Release the Epstеin files.

Chuu

Unless unlimited growth is possible MSTR has to collapse at some point. Literally mathematically. It's fascinating as a real world example of "greatest fool" theory being played by actual big financial firms.

Illustrious-Run-6110

You are not more bullish than me. Bought my first house in the US at 24 back in 2017. Sold it a few years ago for about $70k in profit. Used it 100% on Bitcoin and MSTR stock while living in my Honda civic for a couple years. Still working and funneling more every paycheck into BTC. Even yolo’d out a personal loan after selling the house and slapped it all in BTC, abandoned the monthly payments because in my State they can’t garnish wages unless for taxes/child support/student loans. Said screw the credit score because where I’m going it won’t be needed anymore. Finally earlier this year sold half the MSTR stack to buy a nicer house with cash and enough ULTY to essentially retire with a few thousand per week in passive income dividends. Paid for a new condo with cash, still haven’t sold ANY bitcoin and continue to funnel into it.

Captain_Planet

I still think we are following the 4 year cycle. I can see MSTR being the FTX in terms of timing. Consecutive bad news stories happen; Something bad happens, followed by something else, then something else pushes us into the bear market (could be anything, yet another war, Trump is in an Epstein video, natural disaster). In the bear market the price will keep dropping for around a year, lower and lower until it takes out MSTR, I think this will be the peak of doom and gloom. Which would be a great time to buy a month after MSTR is gone.

SkepticalEmpiricist

Is there a chart, which regularly updates, showing a timeline of when MSTR (and other treasury companies) bought their BTC? Every time I see "MSTR bought $X coins", I'm unsure if it's s new (to me) announcement

Personal-Ebb-4717

5. MSTR, STRK, STRF, STRD, STRC. Also they have NO revenue to pay dividend on any of these preffered shares. So they will have to continue issuing new IPO to pay dividend on old IPO and buy more BC. sound familiar.

Personal-Ebb-4717

""Strategy now offers four Nasdaq-listed securities (MSTR, STRK, STRF, STRD), with STRC as its latest addition, reinforcing its capital markets strategy to raise funds for direct Bitcoin acquisition."" STRE, STRG, STRH, ect.... next. this will definitely end well. We are witnessing the biggest ponzi scheme in history in real time.

stan_papusa

Why keep MSTR if you believe in btc?

trango15278

Invest in Bitcoin or MSTR inside your HSA!! Triple tax free!

pop-1988

It's not rational to invest, either as a share buyer or a lender, in MSTR instead of Bitcoin, except that it adds a layer of obfuscation which smooths out Bitcoin's price volatility. Saylor has supposedly identified a longer cycle, and sets loan expiry periods longer than any dips - as if he has a crystal ball. The MSTR share buyers and lenders have persuaded themselves that his analysis is faultless. If a substantial dip coincides with a large loan expiry, they'll regret their losses, and then recover their belief and lend again That's not a real answer to "why not buy Bitcoin instead", except for the psychology. Investing in MSTR delegates the anxiety about dips to the board of MSTR. The investor's anxiety is deferred

pop-1988

The board of MSTR had a job - Microstrategy's original business was in decline, and there are enough profitable years, and enough accumulated capital to pivot into a new business. Nothing happened. So the founder persuaded them to gamble on the future price of Bitcoin. After that, there was a general meeting of shareholders (every company has one of these each year). This is an opportunity for the shareholders to reject the gambling pivot, replace the board and demand the new board develop a new business plan. The shareholders didn't dismiss the board. By failing to act, the shareholders are supporting the Bitcoin gamble. Since that time, there have been more general meetings, and barely a peep from shareholders (except for the class action lawsuit) > maybe they are only selling non-voting shares? Dilution is dilution, whether the new shareholders have voting rights or not. It's obvious why shareholders don't object to MSTR's share dilution. The three Bitcoin price surges since MSTR began this gamble have increased their wealth much more than their shares have been diluted

iLov3musk

This was from STRC issuance (BTC backed stable coin) not MSTR equities

partymsl

It will only happen once everyone will be 100% certain MSTR will never collapse.

never_safe_for_life

You might be right. But in that case isn't it a comparison between direct custody / ETF? MSTR throws mNav into the mix. At the very least, mNav should go to 1.