MSTR

Sea_Specialist_5580

BTC is fine. But I don't see a case for MSTR being anything better than a levered position on crypto. They are below their cost basis already. It's looking very bad and anyone unironically using the term "FUD" is likely a bagholder or at least deluded. There's nothing inherently wrong with a leveraged position on a risky asset. But it can and will absolutely get wiped out if bitcoin doesn't recover

admin_default

gBTC was about the equivalent of $8-9K BTC at the bottom. I loaded up then. But MSTR is very different. It has debt and leverage - much more complex with serious risk of dilution.

Royal-Blackberry6015

I’ve made plenty of mistakes but I’ll I can say is position accordingly and to your own circumstances. If you are single with $100k net worth vs $1M and having a wife and kids putting 100% MSTR is probably not wise. But putting 5-20% of your overall Bitcoin holdings into MSTR? Much better risk return structure. It’s actually the smaller but hedged bets that have compounded my gains the most. 

HSuke

Did OP say it's "dead"? This is a strawman argument against something that wasn't said. He just said Microstrategy is in a really shitty position that would cause MSTR and BTC prices to lower. He didn't say anything about it killing BTC or even specify by how much.

HSuke

Well, it's pretty damn accurate this time. Let's say this cycle is similar to previous ones, and the bull market doesn't come until 2028. There is no way Microstrategy can cover its obligations until 2028 without tanking MSTR's price by at least 50% from the 80% it has already dropped. There are $1.7B dividends annually plus $5.3B debt expiring by EARLY 2027. That's about $7B in obligations they have to cover, which is 25% of the current market cap of MSTR. There is no way they can sell 25% of MSTR without tanking its price along the way. It might go to near-zero as shareholders try to front run the sales. I don't see any good way around this without selling BTC, which will likely drop BTC price to around $30-40k, which in turn tanks MSTR. It won't be the end of BTC, and there won't be a death spiral for BTC. But I don't see any path where Microstrategy doesn't lose at least another 50% of its value. Lastly, suspending or reducing the dividends will be the end of Microstrategy. No institutional or serious investor will contribute to Microstrategy again afterwards if they halt dividends. That's a complete betrayal of trust.

DPSK7878

MSTR is the FTX of this cycle. I am patiently waiting. Bottom will be set when MSTR capitulates.

HSuke

Stop making strawman arguements. He didn't say death spiral. They can have downward spiral that wipes out most of the value for half a decade without a full death spiral. Pausing dividends is the death of STRC. No one will ever trust them again. It won't completely kill MSTR, but it's practically just as bad.

PopLegion

mnav is below 1.0, STRC is trading 25% below par, and MSTR only has about 10 months of cash burn till it cannot service its dividend payments without additional capital raise or financing. Not to mention 1 billion in senior convertible debt hitting maturity in 2027. buying more BTC here is borderline a breach of his fiduciary duties

Typical_Breadfruit15

it is very simple actually MSTR $ = N of bitcoins \* price of bitcoin. If the bitcoin price goes down MSTR goes down. The only thing he doesnt have to do is to pay dividends they can be stopped at any time.

RevengeRabbit00

You can’t know for sure if MSTR selling 32 bitcoin is what dropped the price of BTC. Narrative often follows price.

msidd32

ChatGPT give MSTR about a 1% chance of going bankrupt in the next ten years.

soorr

BTC can go to $5k and stay there and be fine, however if that happens MSTR will not be fine.

drummer9

Saylor never said HE would never sell. If you listen carefully he was talking to the normies, to retail when he said that. It is a generational loss for a retail investor to sell too soon. For a corporate entity like MSTR, of course they have to sell BTC at some point.

BZ176

You seem smart. Is there a chance that MSTR doesn't increase in value as much next cycle as it did this cycle? For example, people just don't like MSTR as much next cycle so it only increases in value by 5x (the same as Bitcoin) instead of the 10x it did this cycle?

Comprehensive-Eye500

Not exactly. Bitcoin can simply have a large draw down and stay low for a long period of time. MSTR would be fucked and end in a death spiral. Bitcoin can still recover. BTC falls → MSTR stock falls → raising money gets harder → less ability to buy BTC/support valuation → investors lose confidence → stock falls more So on and so forth…… https://preview.redd.it/1gf3ezr284ah1.jpeg?width=1536&format=pjpg&auto=webp&s=9c7b6f4f862e418338713d709d6616ac5431cca8

SUMBWEDY

MSTR is being diluted anyways, they already had their 2029 bonds convert in march this year a full 3 years before maturity. The next notes can be converted as early as march next year which will dilute the shares by another $2.8 billion.

Comprehensive-Eye500

This is about MSTR, not bitcoin. Bitcoin will be fine but MSTR will be another footnote of failures in its history.

Comprehensive-Eye500

MSTR is one company that controls 1 out of 25 bitcoin that can ever exist. Tesla and SpaceX are 2 companies out of 1000’s. Kind of a big difference in concentration.

Comprehensive-Eye500

MSTR will be just another in the long line of catalysts (FTX, Celsius, Mt Gox, Terra Luna, Three Arrows etc.) that will create a huge draw down in Bitcoin. It’s not an if, it’s a when. I love and and am long on Bitcoin by the way but Saylor Moon is going to be part of the problem not the solution.

UC_DiscExchange

While that is correct, it doesn't correlate to your previous comment. If anything STRC pausing dividends is good for MSTR holders because they then don't get diluted for dividends they don't receive.

UC_DiscExchange

There's a lot of bad information here. First, MSTR doesn't pay dividends. Second, the reason to hold MSTR is that it is a leveraged Bitcoin position with no liquidation price or interest.

SUMBWEDY

If they suspend the dividend what reason is there for anyone to invest in MSTR in the first place? The only reason it makes sense to have a company hold BTC for you is they can give you returns as dividends which is tax efficient in many places. That's literally the only reason MSFT has any value. If they suspend their dividends even for a year there is 0 reason to hold MSTR since what's stopping them from not paying dividends again in future when the only reason to ever hold MSTR is dividends.

POP-SY

The valuation of TSLA and SPCX, is irrational to the point of being delusional. However, this has nothing to do with MSTR

Yoloballsdeep

>>Tbh Satoshi's wallets are more of an actual time bomb than MSTR. GTFO with this bullshit. What a dumb take

Xyrus2000

MSTR has a current -$37/share EPS against a share price of $82. It is little more than a heavily leveraged bitcoin fund, which is how it has dropped from a high of $457 to $82 in a year. In the past two quarters, it has hemorrhaged a total of over $24 billion. If those losses keep up, MSTR won't last another two quarters, and it will be very easy to hit those losses due to the apparent 6:1 leverage they're using. Bitcoin really wouldn't need to drop very far from where it is to cause MSTR to declare bankruptcy. This is the danger of using high leverage on a highly volatile commodity. If it goes up, you make a killing. If it goes down, it kills you. And the market can remain rational for longer than you can remain solvent. The forced selling cycle can certainly cause downward pressure on the price and form a negative feedback loop. Whether it will or not depends on the market sentiment and how much they are forced to sell. If they have to sell to cover the entirety of the distribution, then that would certainly cause some downward pressure, but if market sentiment is high, then the market might just roll with it. No one can predict the future, but regardless MSTR is an extremely risky play. I wouldn't put any money in it that you can't afford to set on fire.

InnateCandor

Do you currently own or ever own Bitcoin? Just curious. There are a couple of people I know who have great insights. One was saying last year that gold was going to go up quite a bit, which it did, so I asked, "Buddy, you should have made a lot of money." His response was, "Nope," as he didn't bet on gold. A different friend was saying BTC was going to go down to $70k-$60k, he was saying around November, if I remember correctly, and as we know, BTC did go down to $60k. But, like my other friend, it didn't benefit him as he didn't put any bet like shorting BTC or buying inverse MSTR or equivalent. The problem is most folks, including myself, put a lot of thesis. But do not execute it. What you are saying can happen, and for that, you should buy put options on BTC or buy inverse ETFs. That way, the loss is limited, but you will make quite a bit of money if your theory works while it's going down. And then you can use those gains to buy BTC at $10k, giving you generational wealth once it hits $100k. Now, what if BTC does not go down that much or even low 50's and recovers back to $100k and then makes an even ATH by next year or so, then what? A good trader or investor should have a plan on both sides. What is your plan if that happens?

Direct-Protection-81

1,4billion on 60Bn liquidity for 1 year is nothing. Your thinking too short term, saylor is thinking another 10-15-20 years ahead already with or without his existence in the company strategy holds it's fundamentals. Long MSTR.

BennyOcean

If Bitcoin doesn't have a sudden reversal into bull territory, MSTR is obviously in big trouble. Frankly the crypto community needs to get rid of Saylor and his grift for the sake of the long term health of the bitcoin/crypto ecosystem.

RussellUresti

I mean, kind of? MSTR can survive BTC not doing well for a decade, but, yes, it's a risk based on bitcoin's price. However, the death spiral described isn't realistic unless bitcoin prices crash to sub $10k. At their current level, they're fine. Of course, if it stays at or around the current level into Feb 2027 (which I imagine it will), the debt obligations coming due will hurt, but not kill, the company. In short, I think they have some tough days ahead, but they should be fine assuming bitcoin remains as an appreciating asset.

ronnoco_ymmot94

This doom posting about MSTR is peak bear posting - just wait until after Oct to start accumulating BTC and live happy

Internet_is_tough

The terms and conditions and prospectuses and all submitted forms clearly specify that the dividend can be changed or suspended at MSTR's discretion. So suing them won't matter. It's clearly communicated. Even Saylor's AI promo videos mention this in the small letter screens. Obviously in that case the trust in STRC will collapse. It will go to near zero till the situation is sorted out. It's not something anyone wants, but it won't collapse the company

PopLegion

If they suspend the STRC dividend MSTR will be swimming in class action lawsuits.

ocean_man9999

only if they are forced to sell like 30% to 50% of their BTC holdings due to some crazy unlikely scenario. Tbh Satoshi's wallets are more of an actual time bomb than MSTR.

JeremyLinForever

11.5% dividends so far and going back up to par, plus about 3000% ROI from holding MSTR from 2022. Everybody cries during a bear market, but everybody like you will limp in at all time highs every cycle. See you in 2029 at the top again!

Internet_is_tough

Ofc it's bad. The point is that MSTR collapses if Bitcoin collapses. Obviously. The fudders will tell you that MSTR will collapse but BTC won't. They don't even understand the napkin math

Kagemand

I mean, it is possible for shareholders to lose a lot of value long before getting wiped out. If MSTR is forced to sell just some BTC it can start a negative spiral in the BTC price which again can force MSTR to sell more BTC.

USMNT_superfan

The key here is every time you see an article that questions BTC and MSTR, just buy more

Internet_is_tough

Claude tells you what you want to hear. The only thing that can collapse Strategy is their convertible dept. It's 6 Billion. In order for shareholders to be wiped out, the BTC they hold must drop at 6 Bn value at the time the dept matures. The dept matures in tranches but it's at about 2029, so let's just say 2029. They got 850k BTC. Let's say it all goes to shit and they cannot accumulate more. Let's also assume they will be paying the STRC dividend obligations by selling BTC. All that gives us a BTC price of 10k. So if BTC drops to 10k and stays there till 2029, shareholders will potentially be wiped out, since it will be quite hard for MSTR to refinance. However the proffered stock cannot collapse the company. They can reduce or suspend the dividend at any time. So practically the BTC must go a bit lower, like I don't know 6-7k. In other words the Fudders are idiots. Put this in your AI

WD40Capital

I agree with you. Everyone will say that everyone says it will go down or collapse and it comes back every four years. But this is very different. MSTR holds so much that when it collapses, BTC will crash. Then recover. I’m pretty sure the 4 year cycle is dead. I think you have some good points. I’m holding because I’m down so much. I can just hope I come out on the other side.

TooFewTulips

You should short MSTR. easy money given your thesis.

USMNT_superfan

MSTR only collapses if BTC collapses. Which isn’t gonna happen. BTC adoption has only grown stronger over time. So it’s ridiculous to think it will disappear

bdemon40

You got people looking at Bitcoin through a Wall Street or get rich quick lens and a growing (17+ years) cohort looking at it as the greatest form of money ever created, a life raft away from the corruptions of government issued currencies. People who think inflation is a lie, pissed that they have to give up their time for the little green rectangles while a small group of people can print as many of them as they want for any purpose. That cohort isn't going to give up on BTC because of anything MSTR does.

ProceduralTaco

You can buy btc with leverage, which is effectively the same thing and maybe less expensive. There is also the chance that MSTR will blow up if the price of btc stays down and they have to sell, pushing the price down more. Those are the reasons you might not by it, but if you think BTC will go up soon MSTR should also go up.

fan_of_hakiksexydays

Looks like 50Ks might be about to be the new 70Ks. If it's the same old scenario, we might briefly dip into the 40Ks, then crab and hang around 50Ks for a while. Maybe even briefly rally back into the 60Ks after things settle. And just wait for the black swan event to finish off the bear market. AKA wait for MSTR and STRC to spiral down even more into total chaos.

MaximeRoy1977

While you wait for the next bull run ... Ease the pain \-> **BATS** T-Rex 2X Inverse Bitcoin Daily Target ETF \-> **MSTZ** SavvyShort (-2X) MSTR ETF

UC_DiscExchange

There's an incredibly important distinction between concentrated wealth and calling a decentralized network centralized when wealth concentration doesn't effect that at all. Again, it's relatively a small amount. Aramco holds 10+% of oil right now, but I don't see you calling for the same problems and I could list numerous other sectors. You're just looking for affirmation of your already held opinions rather than seeing it from an unbiased view. I'm not even a MSTR supporter, but I can at least be honest about it.

HSuke

God damn I just saw the news. They're still diluting MSTR holders next Monday. It's a terrible time to be holding MSTR. Saylor is certifiably insane. I wonder if they can really keep that up a month.

BitcoinBaller420

You’ll be waiting a long time for MSTR to fail, considering it is close to structurally impossible if you give Bitcoin any positive return over the next five years. 

PopLegion

You have no idea how the math works because MSTR can only do that if it's shares are trading at a premium to BTC and they aren't they are trading at a discount. Yes a year ago you were correct. Not the case right now tho. This is why people are freaking out about MSTR, it looks like saylor doesn't have many smart moves besides wait it out and hope BTC recovers soon.

h4l

They only sell new shares when STRC is trading at $100, they don't issue any shares when STRC is trading lower. (Which is a problem for them, as while STRC is under 100 they have to issue new MSTR shares, sell BTC or issue new debt).

h4l

They do, Strategy use at-the-market offerings (ATM) to issue new shares of STRC and MSTR in order to raise money. That's what STRC is for, it's their capital raising mechanism to raise money without diluting MSTR holders. Strategy has a broker-dealer that will sell new shares on the secondary market (e.g. to arb traders or anyone else buying) when they want to raise money. E.g. in April they sold $1.8 billion of STRC, and $1.5 in May in the days leading up to ex-dividend: [https://bitcoinquant.co/preferred-equity](https://bitcoinquant.co/preferred-equity)

RevengeRabbit00

Same thing happened to MSTR in 2022

bbatardo

I don't like what Strategy does, but dilution is the 1 thing that doesn't matter since that's literally their strategy. If someone buys MSTR and doesn't expect dilution for more btc per share then they have no idea what they bought lol.

The_Realist01

So what - this is when you buy if you’re MSTR. Who cares if it’s short term accretive if you’re buying at 100k and short term dilutive at $60k. The goal is to stack bitcoin for the next cycle.

el_rico_pavo_real

It’s not. MSTR will be fine and thrive when BTC corrects. It’s all a ludicrous psyop to melt the vulnerable minds of scared retail.

AlmightyGnasher

I might buy mstr if it drops to $50 ish. In the UK I have zero ways to buy bitcoin in my pension or tax free accounts. MSTR allows me to kind of buy bitcoin, and if I make a profit it's 100% tax free. I own bitcoin, but if I sold that I'd be liable for capital gains tax. So for me I think MSTR might actually make sense. But if I do buy, you bet I'll be selling in a couple years. Ain't no way I'll be holding long term.

WistopherWalken

Given his financial engineering, I think it's guaranteed to spill over to MSTR and probably also BTC 

A1JX52rentner

BTC is down 50%, MSTR is down 80%

TrustInNumbers

MSTR holders will be diluted even more, awesome

Chill_Knight

I really don't think anyone should believe in MSTR

pumse1337

Stay strong MSTR we believe in you

Romanizer

That's what it looks like, however Wall Street's share of MSTR is larger than that of Saylor so I think it's more of a play on retail traders.

peppaz

They and banks are trying to take down MSTR and buy cheap coins.

syncronicity1

Add to my MSTR short. Day trader since 2005

LuckyWinds

> I don't even know what you're arguing with me about. You make no points other than to claim your own ignorance and defend Saylor and claim you aren't defending Saylor I never defended Saylor. Can you please stop making things up about what I'm saying. Just quote my comments and show me where I'm saying these things. > The disclosures fully indemnify every statement made by the CEO? MSTR bear no responsibility for any of this? No, No > What is your point? Anyone investing in STRC (or **any** financial product) should read the disclosures. The disclosures are **extremely clear** and **extremely concise**. I've already quoted them. They literally are front and center on the website I linked. They should not be listening to the CEO of the company and using their word as gospel. If Saylor said things that are illegal to say, he should be prosecuted. As of right now there is **no lawsuit** against him. If someone is unable to read basic, concise, clear disclosures. They should not invest in ANY financial product. They should hire a financial advisor. And as I already said, I would never invest in anything Saylor touches, nor would I recommend anyone to do so.

Suspicious-Can-7079

I read it, I don't even own any MSTR or btc but I do own some adjacent. Thanks for your insight, I do agree with your points just fyi, tons of people on these board are brain dead Off to google about CLOs

TdubzzTrev13

Umm. Are you saying you are trying to get your Avg cost sub $10? What do you this MSTR drops to?

eddyblat

The prefs are not listed as debt on their balance sheets for a reason. They are friendly handshake IOU's at best. MSTR is the parent company, not STRC. MSTR survival is more important than pref survival. The prospectus says they can permanently suspend all dividends forever, their choice. The btc acquired through the ATM programs are unencumbered completely. If MSTR walks away from dividend obligations it makes that $10B or whatever of BTC almost free. Remember when META kept pumping with every layoff announcement? If MSTR announced a big giant FU to all preferred obligations they would drop to $50 pre market, $65 market open, and be $200 within 3 weeks. The market is forward looking. No debt, no dividends, $40B btc. Bullish af.

HSuke

Uhh, this post is 2 months too late. I brought up this same topic on r/MSTR 2 months ago. None of this matters anymore now that STRC is so far away from par and trading like a meme stock.

PureCod9290

Yeah stopping dividends would nuke their preferreds forever. Like I said, no good options really. I guess they'll probably dilute the common as needed but considering how much shit MSTR shareholders have eaten over past year... Also not great. They have some runway but if they increase the dividend further in an attempt to get back to par that runway gets even shorter. Its foolish to think the loss of par is anything other than the markets lack of faith about their future

muffparty

It’s already peaked. Before 2021 there was barely a MSTR, and no Wall Street funds were officially buying it. With all that, the Mt Gox coins out there to be sold at some point and Q computing coming on strong, good luck if you think a higher ATH is out there 🫡

PureCod9290

Nope. It is collapsing because of serious concerns about their creditworthiness MSTR is trading at a discount to NAV, so dilution of common stock is terrible right now. Their sale of 32 BTC tanked sentiment and even the notion of them selling might drive BTC down another 10% or more. Perhaps their best option is suspending dividends, which they are allowed to do at any time... The market sees this

PureCod9290

I don't even know what you're arguing with me about. You make no points other than to claim your own ignorance and defend Saylor and claim you aren't defending Saylor What is your point? Pray tell me. The disclosures fully indemnify every statement made by the CEO? MSTR bear no responsibility for any of this? What is your point?

LuckyWinds

This is an investigation, not a lawsuit. I'll ask again. Point me to the lawsuits against Strategy for STRC and/or MSTR so I can see what exactly they are suing for and reply appropriately.

HSuke

If they stop paying STRC dividends, Microstrategy is dead. That's pretty much the final straw that will break all trust in Microstrategy. They have cash reserves to pay until early 2027. That's it. There are 6 convertible notes with put dates between 2027 and 2029. They are puttable before 2030. Exact value of all obligations before 2030 is over $13B. If MSTR starts paying off all those obligations, it will lose half of its value, and it doesn't have enough value to pay off $13B. So they will eventually need to sell BTC unless the bull market begins by 2028 to early 2029.

Dankrz27

Then take it up a notch and buy MSTR stock😈

TreGet234

I wanna catch the falling MSTR knife.

Improv13

MSTR can and will go to $0 it is a mathematical certainty. When is dependent on BTC price and whether MSTR keeps buying or selling BTC. If BTC stays flat or goes down that accelerates the end. If MSTR buys or sells that accelerates the end. The longest runway is if BTC goes up and MSTR stays put on its holdings.

Improv13

As was said in Titanic, MSTR will founder. It is a mathematical certainty.

Successful-Web-8715

Tell me you don’t understand MSTR without telling me you don’t understand MSTR

AlwaysMooning

Bitcoin would have to be under $30k before MSTR fire sold Bitcoin though… An MSTR fire sale would take Bitcoin under $10k

ReliantToker

Yup just like in 22 MSTR is cooked. Bears obviously havent looked at the balance sheet and if they did they certainly didnt understand what they saw. Bears all narratives and emotions no math.

ConcentrateJolly5461

MSTR is not in danger. I’m buying here. These prices are too good to pass up. Trying to get my DCA sub $10”

CryptoAnarchyst

My god, the level of ignorance is ridiculous. First your analogy of taking a loan to pay a loan… that’s literally how every wealthy person operates… so long as their equity is high, they can collateralize it and get a 1% interest loan on it, then just take out another loan when they need to pay off the first one. Secondly, they raised cash reserves using both MSTR and STRC issuance, and can do so by selling the bitcoin… not sure how you might be confused with that one… unless you’re not capable of rational thought

validelad

Perpetual motion machines are impossible and proposed perpetual motion machines always generate more energy than was put into it originally. MSTR is the financial version of that and its just as impossible to keep to going forever

Andrew100011

In general, if BTC starts to creep back up going into 2027 they will absolutely weather any storm. A 1 month or even 6 month "crash" is nominal - the internet traffic says otherwise. The reality is Saylor says all sorts of crazy shit and makes things more complicated or at least makes the "business plan" look more like some tweet storm. I would say MSTR is high risk, high reward - what changed? Not much.

eyraudj

I think you are kind of right with the fact if bitcoin fails MSTR will fail. Now I see some logic flaws in the rest. 🌉 There is difference between piling up the gun powder and sparking the fire. Whereas high valuations during the dot com bubble is the former I was asking if MSTR malpractices were the latter. Thank you for sharing some thoughts about that. You can still have bitcoin succeeding and MSTR failing as there are cash flow and expiry components. So 'the only way Strategy fails is if Bitcoin fails' is plainly wrong. The market can be wrong longer than they can stay solvent. Now, the real question is how likely it is to happen rather 'if'. I have seen 10 month of cash before being in trouble paying the dividends (?).

LuckyWinds

> Which infers no other statements by the CEO have no legal bearing nor the misleading statements I quoted to you from their own website have any bearing No it doesn't. > Yeah Google it dude. You think the disclosures are all that matter so I suppose the lawsuit is immaterial I'm having trouble finding active lawsuits. Point me to the lawsuits against Strategy for STRC and/or MSTR so I can see what exactly they are suing for and reply appropriately.

LuckyWinds

> You've been arguing the disclosures are adequate to protect any misleading statements they've made. I never said this You keep saying I'm saying things that I never said. You've done this over and over again. Just quote my exact quote of my comment if you want to claim I said something. > Go Google MSTR shareholder lawsuits I'm done explaining basic corporate governance to you Point me to the lawsuits against Strategy for STRC and/or MSTR so I can see what exactly they are suing for and reply appropriately.

PureCod9290

You've been arguing the disclosures are adequate to protect any misleading statements they've made. Clearly you don't understand fiduciary duty or why misleading statements are both illegal and wrong Go Google MSTR shareholder lawsuits I'm done explaining basic corporate governance to you

Mrsir300

https://preview.redd.it/i18x210zhq9h1.jpeg?width=1206&format=pjpg&auto=webp&s=5d8c5bdbd80d0c06b87dc4e0dcf4a8f1ef25e3c4 Short MSTR gains. Not a million but a crazy return.

LuckyWinds

> Are you a Trump voter? No > This level of bootlicking is honestly impressive. I already told you I dislike Saylor, MSTR, STRC and would never own those equities. I would also never tell anyone to buy these equities. How is that bootlicking? > Don't hold anyone to any kind of account because the fine print says we can do whatever we want! Don't buy financial investment products if you are unable to read literally the basic 2 paragraph disclosure. Do you really buy investment products without reading how they operate? You should really stop doing that if you are. Do you also just sign contracts without reading them? If you are unable to understand a basic disclosure, then I would stick with using a financial advisor.

Obvious-Ad-4560

All I can tell you is that the people who sold out of MSTR early aren’t going to be happy campers in the next 2-5 years.

Am_0115

Change “crypto” to “MSTR”

pragmacrat

It's because they introduced STRC. As long as BTC goes up, they could issue new shares of STRC to get cash to buy BTC. If BTC goes down, they will need to find cash to pay for STRC's 11.50% semi-monthly dividend. They've recently come out they have 10 months of cash reserves for dividends. If BTC keeps declining and their cash reserves shrinks, they will need to start selling their bitcoin to cover. The recent sale of 32 BTC triggered a mild panic. Imagine Saylor having to sell thousands of BTC to fund STRC. It would be a doom spiral for MSTR.

DrEtatstician

80-90 k , institutional entry destroyed the villainy and upside movement and MSTR owning close to 5% isn’t helping at all

Darth_Sabin

Exactly right...MSTR following the Bitcoin price is a no brainer investment at this level if you have the stones

Pristine_Cricket_633

MSTR or MSTX if you are salty.

DESIGNvsNONE

I hope some day they'll teach in schools why house prices inflate. It's not because the houses got better. MSTR may be ahead of a long curve if BTC gains broad acceptance as a universally attainable hard asset.

Nick700

If you know how to look up how much they raised via STRC you know how to look up how much they raised via MSTR