MSTR

aaakasei

lol BTC>>>MSTR anyday

desertstorm4

Thanks for your perspective. I agree that MSTR is a wild volatility ride. This is a longer conviction bet for me. I will hold until MSTR price reaches $450 again.

Ryytter

I find that unlikely as well. I already got my leverage via MSTR I like that better than playing with margin. Either works though

Ok_Speaker_265

MSTR doesn’t have due dates on much of its debt, so they’ve secured terms that are far more favorable than what most individuals could get from a bank. That gives them significantly more flexibility. In their Q4 earnings call, they stated they would only face serious pressure if Bitcoin fell to around $8,000 and stayed there until 2032. In that scenario, I believe they could struggle to cover interest payments and their dividend obligations. But for Bitcoin to drop to $8,000, I think something fundamental would likely have to go wrong, not just normal market volatility.

AdSelect4483

While a lack of buyers could theoretically drop the value to zero, I believe there are permanent participants who act as a price floor. These include: Retail 'HODLers' & Whales: Individual investors who 'buy the dip' and long-term billionaires committed to the asset. Corporate Treasuries: Companies like MicroStrategy (MSTR), which holds over 700,000 BTC, and others like Metaplanet or Tesla. Crypto Infrastructure: Exchanges (like Coinbase) and service providers that rely on Bitcoin’s ecosystem for fees and subscriptions. Spot ETFs: Wall Street instruments that have institutionalized demand, with inflows exceeding $50 billion since their inception. Sovereign Nations: Countries like El Salvador and Bhutan that actively buy or mine Bitcoin, alongside the U.S. government, which holds nearly 200,000 BTC. Stablecoin Issuers: Entities like Tether, which uses a portion of its profits to regularly purchase Bitcoin as a reserve asset. Together, these entities provide significant liquidity and support, making a total collapse to zero a highly improbable scenario." (corrected text in English , using gemini)

TheAnon511

My parents got divorced while I was in my later years of high school (my mom cheated and abruptly left) and I got a mortgage in 2017 the year after graduation to help my dad, brother and sister because rent was going up too much and my dads score and finances were wrecked from the divorce. I got a USDA mortgage meaning it was 0% down in certain qualified rural areas. It was 3 bed 1 bath and I gave the bedrooms to my dad and younger brother and sister while my dad got back on his feet and my younger siblings finished school. I slept on the couch for 4 years. After they moved out, I sold the house and put 100% of the proceeds into Bitcoin and MSTR in 2021, slept in my car for almost 2 years while working and throwing everything extra I made into Bitcoin and then moved in with my dad for 1 year. I lost my job and moved out of state for a new job and met my girlfriend. We’re moving to the Philippines (her home country and I am also part filipino with family there) to get married and basically retire in September. Only high school diploma. We’ve moved enough of the savings into BITO, BTCI, IAUI, JEPI, QQQI and SCHD so we’re just going off passive income now. I know this sounds fake and extreme but im completely serious. Conviction is everything. We plan to also donate to our local hospital and start a food bank for the public together after we move.

Asleep_Process8503

I think it will all implode along with MSTR, tether and come crashing down.

Riskismyapellido

Do u know how much MSTR makes or loses by a 5k move? About 3.5 BILLION USD

CryptoOnTheSidewalk

MSTR always feels like turning the volatility knob up to max. You’re basically getting leveraged exposure to BTC plus the added layer of corporate strategy and market sentiment. That can work great on the way up, but it cuts both ways fast. The short interest angle is interesting because squeezes can create crazy moves short term. The question is whether you’re playing a trade or holding it like a long term proxy for bitcoin. Those are two very different mindsets. Personally I try to keep it simple and just hold spot. Less exciting, but also easier to sleep at night. Are you looking at this as a quick momentum play or a longer conviction bet?

SilverbackViking

In a word "yes" Also further to this BTC passing a majority liquidation area for shorts at around 74-75k there will be massive forced buying of BTC, this would trigger a MSTR pump past liquidation zones also, when this happens it triggers a reinforcing reaction as when MSTR shorts get liquidated the spikes in price actually raise cash for MSTR to buy more BTC. Once the pump starts it will be ON!

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naturallin

nah bro, buy MSTR

salinungatha

MSTR is the most shorted stock on Wall St. Possibly some kind of manipulation to flush out those shorts.

CuteMountain6514

I used to use IBIT but dumped all of that to FBTC because I trust Fidelity. I have large allocation in FBTC and MSTR. I worry somewhat but I think it is the right play for the next 5 to 10 years and beyond for that matter. I'm accumulating in fidelity tech mutual funds and S&P 500 as well.

Unableduetomanning

MSTR $1000 here we come

Rich-Equivalent-7957

MSTR short squeeze wen

harvested

MSTR will do better in bulls but worse on the way down. Good buy though mate!

Coretron

I rarely look at MSTR but yesterday in the daily someone mentioned it was trading at a discount to their holdings so I got in at $122 and am up 10% in a day. I like MSTR cause I feel like I can sell it for profit whereas my coins are for holding til I retire.

harvested

>**My nightmare finally came true** >Well I'm kinda a new investor for only 2-3 years started in 2024, and lost all my life savings, thinking it was a good idea to full portolio MSTR few weeks ago ​at $320 thinking it was good to buy the dip and on x2 margin cus I got greedy. Today MSTR is worth $106 (-70% from my entry point of the "dip"), and worse, keeps going down showing ​no signs of stopping​. >My biggest nightmare as a novice investor at the time ​is picking the "wrong" company ​and ​losing all my money​, and stock price ​plummeting along with my life savings, ​and never thought i was that unlucky. However, today it came true cus of a crap stock and company called MistroSrategy and now my account portfolio is $0. (​I lost about $35k of hard earned money I saved up years). Haven't slept good at all the past month and every day MSTR kept dropping -5%+, l​iterally. ​Good job Michael saylor and Bitcoin for taking a innocent civilians hard earned money. You fucing crook. - cheese20202 MSTR is on the way back up, might take a position. Thanks for the entry, cheese!

Valuable-Scallion699

I was thinking about how low will Bitcoin go and it occured to me it could actually go to a minus value.  You would have to pay people to take it off your hands. In the midst of the pandemic oil prices actually went negative. You literally had to pay people to take away your crude oil.  As the nominal value of BTC approaches zero, holders may need to pay a fee to keep the network going. In that event, maintaining holdings of BTC becomes an expense -- literally negative value, paid as a bet the nominal value will rise again. MSTR is in the silly place of paying installments on debt to prop up the value of its only asset, and failing. So it loses twice -- the decline in the asset value, and the extension of the debt. Have there ever been a business model like this?

harvested

>**My nightmare finally came true** >Well I'm kinda a new investor for only 2-3 years started in 2024, and lost all my life savings, thinking it was a good idea to full portolio MSTR few weeks ago ​at $320 thinking it was good to buy the dip and on x2 margin cus I got greedy. Today MSTR is worth $106 (-70% from my entry point of the "dip"), and worse, keeps going down showing ​no signs of stopping​. >My biggest nightmare as a novice investor at the time ​is picking the "wrong" company ​and ​losing all my money​, and stock price ​plummeting along with my life savings, ​and never thought i was that unlucky. However, today it came true cus of a crap stock and company called MistroSrategy and now my account portfolio is $0. (​I lost about $35k of hard earned money I saved up years). Haven't slept good at all the past month and every day MSTR kept dropping -5%+, l​iterally. ​Good job Michael saylor and Bitcoin for taking a innocent civilians hard earned money. You fucing crook. - cheese20202

harvested

>**My nightmare finally came true** >Well I'm kinda a new investor for only 2-3 years started in 2024, and lost all my life savings, thinking it was a good idea to full portolio MSTR few weeks ago ​at $320 thinking it was good to buy the dip and on x2 margin cus I got greedy. Today MSTR is worth $106 (-70% from my entry point of the "dip"), and worse, keeps going down showing ​no signs of stopping​. >My biggest nightmare as a novice investor at the time ​is picking the "wrong" company ​and ​losing all my money​, and stock price ​plummeting along with my life savings, ​and never thought i was that unlucky. However, today it came true cus of a crap stock and company called MistroSrategy and now my account portfolio is $0. (​I lost about $35k of hard earned money I saved up years). Haven't slept good at all the past month and every day MSTR kept dropping -5%+, l​iterally. ​Good job Michael saylor and Bitcoin for taking a innocent civilians hard earned money. You fucing crook. - cheese20202 in buttcoin

harvested

How do eth holders feel about the poster boy dumping coins on them? At least when MSTR print new shares they buy assets for the balance sheet. Vitalik just flat out selling for personal gain.

ReliantToker

Jane Street Grows MSTR Position 473% to $121M in Shares https://share.google/YTbYuIvpfEh7tcO72

Sharp-Perception5658

Scam is a very overused word nowadays. It's not a scam. It's just leverage. MSTR has a solid strategy while BTC is rising. In a rising environment, everybody is winning.. However, during sustained bear markets, MSTR would need to service their loans. The only logical ways for them to do that is to issue more shares. This dilutes shareholder value. If you took out a loan right now and bought BTC and the BTC crashed, you'd still need to have money laying around to make payments on your loan and that money has got to come from somewhere. MSTR has a great strategy truly but BTC must always go higher for it to work...which I hope it does, but sadly there are no guarantees. There is something very broken this cycle...very broken...and I wish I understood it.

Sharp-Perception5658

Well, I'm not talking about MSTR. I'm talking about actual Bitcoin. The thing I don't understand is that it was always the goal for BTC to gain institutional adoption. Back in the day, BTC operated under the radar and fraud and theft were quite prevalent. It was hard just to store BTC. We never trusted the exchanges because there were all kinds of risks we weren't protected from. They could go belly up and run off with our BTC, they could get hacked, they could simply ban us from the exchange and our BTC would be trapped. We all longed for the day, BTC would be accepted by institutions and used on a more macro level because it would at least solve some of these issues. I remember how excited we were for an ETF to finally be released. We waited for years...and then it came. I feel safer holding BTC now than in the past. Institutional buying and gov acceptance will also create a larger user base. So what's the problem?

BQbaobao

The black hats are pros at this. It is clear to me that the “4 year cycle” has nothing to do with the BTC supply side anymore - and everything to do with pump and dump style manipulation. They’re playing us all - retail and OG holders alike. That’s why “this time is NOT different”. They prey on 100% predictable human nature to shake down over-extended retail and squeeze out every last drop. That said, I’ve said before that I’d fucking love to see a WSB style short squeeze on MSTR or BTC.

BITCOIN_FLIGHT_CLUB

The hype around the Emirates NBD news and the upcoming supply milestone doesn't hold up. The 0.5% is roughly 1.5 BILLION, equal to past MSTR buys. Likely buying small and even if lumped it would be 5-7% total market volume in a day….. which wouldn’t happened because they’re not buying market BTC.

Flexerrr

Supply has changed. Plus big players hold more, MSTR has insane btc supply. We are no longer early

Academic_Lock_1699

People lost trust, btcs base idea is gone now that big money controls everything and they understand that MSTR is a scam company

Wonderful_Writer_133

That's my break even too. Bought in 1 year ago. I was so bullish after the ATH I used up my dry powder on 115k, 111k, 107k.... Now I'm limited how much I can buy at 63k and frankly don't want to catch anymore knives. I also own some MSTR. What a motley hapless lot we are. :)

WorthwhileDomains

I also bought short term MSTR calls last month after it got smashed around 140-150, for March and April, and those are basically dead now too.

Juice0188

The entire market is irrational to a degree. Everything eventually returns to mean though. Tesla will eventually either crash or have it's earnings catapult without share price appreciation (likely the former), Carvana will crash.  The entire market as a whole follows rational rules though. Sure stuff spikes in valuation, but companies trade at a value against their assets and projected earnings. There are plenty of rational investments, value priced companies, and so on.  I'm not emotional about MSTR, I've simply asked why you'd own MSTR instead of just bitcoin. There really isn't a good answer, which is why MSTR is in trouble. Saylor knows this, and it's why he gets so emotional when it's brought up in interviews. If bitcoin skyrocketed in price, you'd still be faced with "pure bitcoin" versus "bitcoin with overhead and a shitty software firm attached to it"  

Juice0188

Wait, so you agree with me the buying MSTR is irrational and nobody should do it?

Juice0188

Imagine bitcoin does hit another ATH (hopefully it doesn't, but for the sake of discussion it does), why would anyone buy a company whose only plan is to buy bitcoin but with a small and shitty software firm strapped to it? Even if you believed entirely in bitcoin, there's really no case for buying MSTR. 

gizram84

> I don't see a filthy rich future for MSTR just relying on passing of time. Really? You don't see it? So I'm your opinion, Bitcoin will never make a new ATH ever again? Ok buddy 👌

DPSK7878

MSTR will blow up BTC some time in the future. I can smell it.

Serenaded

MSTR and BTC are institutional dino-stocks now. I think it's finally becoming ETH's turn. I care more about Tom Lee or Sharplink's purchases now.

404PoptartNotFound

Do you believe BTC will eventually go to new ATHs? If so, what do you think will happen to MSTR when BTC is worth $200k+?

Shot-Structure-1274

It's a choice to own MSTR and it's a choice to own crypto assets. Big asset managers choose not to own crypto assets, that's just a reality. MSTR isn't even a SP 500 company, they're small potatoes.

bbqyak

Bitcoin historically is one of the best performing assets ever, going from $0 to 126k, yet MSTR still manages to be at a net loss after 6 years of injecting BILLIONS of dollars in. That has to be one of the biggest fails in the history of investing.

thebroned

The core thesis is actually pretty straightforward: these companies believe holding BTC on their balance sheet is a better long-term bet than holding cash that gets inflated away. Why BTC Treasury Companies?The leverage play. Companies like Strategy take it further by issuing debt and equity specifically to buy more BTC. When BTC goes up, the stock outperforms BTC itself because of the leverage effect. Investors buy MSTR as a leveraged BTC proxy. This works beautifully in a bull market but amplifies losses in a downturn — as we saw in the Feb crash where Strategy's mNAV dropped below 1x (stock worth less than the BTC it holds). The bear case: BTC is volatile. Holding it on a corporate balance sheet creates earnings unpredictability, makes financial reporting messy, and if the price drops significantly below your cost basis, it can tank your stock price and limit your ability to raise capital. Not every company can stomach a 30%+ drawdown on their treasury. The reality: Over 150 public companies now hold BTC in their treasuries. It's become a legit strategy, not just a Saylor meme. If you want to see who's holding what, their cost basis, and whether they're currently in profit or loss, CoinGecko tracks all of it in one place: [https://www.coingecko.com/en/treasuries](https://www.coingecko.com/en/treasuries)

Slider33333

What ridiculous mental gymnastics. 'MSTR is a company that buys bitcoin, not an institution that invests in crypto'. Difference between a company and an institution? Nothing. Difference between buying and investing? Nothing. Keep doing your cognitive cartwheels mate.

Shot-Structure-1274

MSTR is a company that buys BTC, that's not institutional investment, it's a single company that buys the asset. Do some institutions own MSTR? Yes, but the big financial institutions refuse to own crypto assets.

Financial_Vanilla_47

I know so what's your point I'm not arguing they are the same... I'm saying if most of the money flows is in MSTR compared to BTC that's very bad.

UC_DiscExchange

MSTR trade volume isn't equivalent to BTC trading volume

Financial_Vanilla_47

Yes professional analysis has historically given wide range of estimates from 10% to 40%... That's for Bitcoin LOST... 3% is just the supply that MSTR holds compared to ALL OF BTC in existence (including whatever is "lost")

CoffeeAlternative647

What I can't fathom is that people actualy have the time to make these kind of silly questions on the internet but can't manage to spend that time to study the asset instead. I mean, there is literaly loads of Bitcoin research done in the past 17 years and there are still people saying "how can i be decentralized with MSTR owning 3%/4% of the supply". It proves Bitcoin is still one hell of a different beast and it still slays these people comprehesion and reason up to this day.

CoffeeAlternative647

You're conflicting decentralization of a protocol with price action. If suddenly MSTR has to sell all his stash it will definitely affect Bitcoin price but not Bitcoin functionality. No one controls Bitcoin as a technology, all they can do is affect its price.

PirateSKB

Strategy has acquired 592 BTC for ~$39.8 million at ~$67,286 per bitcoin. As of 2/22/2026, we hodl 717,722 $BTC acquired for ~$54.56 billion at ~$76,020 per bitcoin. $MSTR $STRC -Michael Saylor https://x.com/saylor/status/2025919387283099870

baIIern

The MSTR black swan will hopefully bring us juicy prices to buy in

b0b0xD

The honest answer is probably with MSTR puts

Novel-Article-4890

Same thing as MSTR except they don’t sell shitty software that loses them money at the same time 

SilverPrivateer

Okay... I got a little bit of actual bitcoin via an etf because everytime I post that I have it through MSTR people were saying I don't really have it (like they don't understand stocks and how those work, you own share in a company...) and that went down also! But hopefully it goes up soon...

SilverPrivateer

Ugh. As a bitcoiner via MSTR... really dissapointed in you guys. Seems like Saylor and the MSTErs are the only ones buying while all of you "OGs" just sell and sell and sell! I guess fair play to you guys... I'd probably take some profit as well if I had gotten a 100x on bitcoin like a lot of you guys that have been in the game for ages, but it still stings. At what point would you start buying again?

dmitryaus

I wouldn't touch crypto until Saylor and MSTR people are wiped out from the market. I will also wait to see who's gonna take over the 700k BTC stack. It most likely will be Trump's family. So a rug pull will be inevitable in a few years.

Ryytter

Fucking Denmark man 😆 56% tax on gains, 26% deduction on losses And it's on a trade basis 💀 So you can be up but owe more than the profit in taxes 😆 I'm sticking to MSTR in my tax advantaged investment account. Only 17% but on unrealized gains.

la-bella-confusione

don't forget about MSTR

KateR_H0l1day

Because it doesn’t fit in with his “argument” same as BTC is not MSTR, so by his definition, you shouldn’t bring that into the discussion either! As I said before, it’s a pathetic feeble attempt to stop people answering the question, which was who & why is anyone buying MSTR.

FurlessSasquatch

It's not necessarily about who wins. He who owns any BTC if it goes up, is a winner. The illogical part is if those people are buying BTC for the sake of buying BTC they don't need to be buying MSTR. They can just buy BTC. Hypothetically BTC could continue upward it doesn't mean MSTR has to. MSTR value as a company would go up but the share price is a result of buyers and sellers not the price of BTC. Buyers would obviously be more enticed to buy as a result of BTC going up but again if that's your logic, just buy BTC forget Saylor and MSTR

volocom7

If logical people buy BTC . . . and Saylor also continues to buy BTC . . .wouldn’t BTC supply leave the market and raise the price? Wouldn’t that make the BTC Saylor more valuable? He wins in your logic. MSTR wins

quantumdotnode

Congrats on 0.1. But honestly you’re not a real bitcoiner if you’re not buying $MSTR Not having MSTR in your portfolio is basically saying you’re bearish on btc

Potato_Donkey_1

I just don't understand the confidence in targets, whether higher or lower from here. I think the arguments for Bitcoin long-term look weaker than they did closer to its launch. That could change, but with its volatility and the culture built around hodling, right now it's like an alternative gold rather than an alternative currency. And sequestration of Bitcoin in MSTR and ETFs means that a lot of Bitcoin isn't really available to use as money. You'd have to sell your shares first and buy Bitcoin with the money in order to make a Bitcoin transaction with ETF holdings. I'm starting to see Bitcoin as a speculation in mass psychology. That could take it to all time highs. That could crash it enough to get miners to drop out. Will four-year cycles continue? Because of sef-fulfilling expectations? Good luck to all. I remain fascinated.

AkimboPiccolo

I actually think people need not concern themselves at all with MSTR or Saylor.

oopssomething

Now a good time to buy MSTR, or would just BTC be performing better?

Awkward_Classic5718

Buy MSTR shares and get diluted to pay dividends to others!

Awkward_Classic5718

DAT founders job is to be perma bull, get you to buy their stock so they can use your money to pay dividends on STRC and others. They were smart diluting the hell out of shareholders for like $2b months ago to build a reserve for dividends, but that should tell you all you need to know about the risk. it will get tense if the price is below the current level all year. When sentiment is high, people buy the stock, Saylor dilutes them to pay dividends to others. It’s a horrid model for MSTR holders unless Bitcoin is going up and new money is constantly flowing into to dilute. Ponzi-ish, absolutely. When sentiment is low, no one is buying the stock, therefore Saylor can’t dilute and buy the dips. This is why he is always buying tops. Nice model, hey?

thewaterisboiling10

So btc went to $60k and is now at $68k and yet MSTR's mNAV is actually higher now at 1.18 You seemed convinced that nobody would buy MSTR when it's over 1.0x mnav and yet......??

bbatardo

Saylor will keep diluting MSTR shares until the price bottoms out. Much bigger risk investing in Strategy than Bitcoin.  I don't think they ever sell any Bitcoin because it would end their house of cards.

gizram84

If MSTR sells, we buy it cheaper. Unfortunately, not likely to happen

TheManWithTheBigBall

Every single asset you get involved with is going to gave a whale throwing their weight around. This is a moot point as a small investor if it’s something you’re worried about. Saylor/MSTR sucking up more BTC is extremely good for the price, which is what will continue to attract new Bitcoiners.

Used-Commercial203

You all are forgetting that Strategy is a publicly traded company. Saylor isn't the sole prop here. Anyone and everyone invested into MSTR would own their own slice of the pie.. And with people having it on DCA? Idk.

dmitryaus

People did the same to buy MSTR at $400.

drslovak

You have nothing to add to any conversation other than you own MSTR and bitcoin from 2020

drslovak

you lyin pos. another pandemic "investor" about to be taken to the woodshed. jacestrachan•[1mo ago](https://www.reddit.com/r/MSTR/comments/1q6hqkd/comment/ny7on2p/) Just say you bought in at the top last year lol. I’ve been in since 2020 not worried at all

Robb-san

This is like a weekly purchase amount for MSTR - nothing burger.

IgotnoideawhatIsay

I’m 60% down on my MSTR stocks. When will the pain end?

Few-Beginning-6478

Like half of the left column is from MSTR and the FUND/ETF column is for exposure to (mostly) individual investors in the BTC sphere.

baIIern

MSTR looks like Bitcoin chart, but they are diluting their own stock supply to buy Bitcoin. When shit hits the fan, your stock will be hit harder than BTC

Disastrous_Rent_6500

I just buy crypto stocks to be honest, not BNMR or MSTR tho

xarips

Dunno why you wouldnt just buy MSTR instead tbh

lehope

The fact that you know that MSTR is leveraged Bitcoin and you still think of buying it leads us more or less to the question if you should buy Bitcoin with leverage. Sorry, I oversimplified it. Apart from that, you consider throwing your money in a Ponzi scheme. It might work, you never know, but I would not recommend it.

UnderpaidBIGtime

Below MSTR average?

Every_Hunt_160

You can package it however you like but the fact is MSTR is already 60% down this year and Bitcoin ain't even halfway there in normal bear cycles (currently -40-45% down from ATH, in most bear markets BTC goes 75-80% down)

FurlessSasquatch

The 401k concept is the best rational I can find that's a great point. I shouldn't say all MSTR buys are as good as a clogged toilet maybe 95%

revzjohnson

MSTR is a ticking time bomb, and BTC is close behind it.

Additional-Carpet-78

Yeah if I posted this in WallStreetBets they would be biased towards MSTR. Last I checked there isn’t a “BTC or MSTR” subreddit so I chose this one. Yes I know about the 4 year cycle theory because I read about it, how does that make my question illegitimate? People love arguing on this website so much lol

ResponsibilityOk1037

MSTR is just in a death spiral.

magus-21

> You didnt really educate anybody, or even really open up the opportunity for a conversation/debate? Interesting. Yes, people active on this sub are particularly calcified in their opinions. >You also completely disregarded their question and specifically because its on Reddit. Their question presented a false dichotomy: MSTR or BTC. The correct answer is neither. The fact that it's on Reddit is irrelevant. The point is that he wanted to "invest" in something he knew nothing about. That's bad investment behavior, regardless of where it happens.

magus-21

> This is my first time on this subreddit and all I did was ask a question And I'm saying you're not asking anything you don't already know. You know that leveraged plays are riskier. If you weren't already ready to take that risk, then you're asking for encouragement. And if you were ready to take that risk, then you're just asking for confirmation. Either way, you want to invest in MSTR. You're just working up the nerve to do it. So if you won't listen to sense, then just go for it.

DuckHunter4779

I would watch some of the more recent Michael Saylor interviews/speeches or the most recent earnings call for MSTR. He does a good job explaining the differences and what type of investor should own what. For example, his bitcoin MENA speech.

Zigxy

Every $100 worth of MSTR stock you buy reflects roughly: $114 worth of BTC $5 in Cash $20 of Debt $20 of Preferred Shares (basically Debt) $1 worth of equity in a small software business. Also, this company pays out $2 per year to (mostly) their preferred shareholders. Note that this number is climbing fairly quickly as the company shifts to issuing large amounts of preferred stock.

Mother_Bonus5719

Doesnt the guy who runs MSTR say just buy bitcoin?

OptimalPlantIntoRock

MSTR? “Amplified Bitcoin”? No. If you really want exposure to BTC without the storage component just look at the ETFs.

Additional-Carpet-78

Thanks, I was kind of looking for people's opinions on Bitcoin vs MSTR, not whether or not crypto in general is a scam or not. Why are you even on this subreddit lol

magus-21

> Considering on putting 10% of my portfolio into crypto slowly. I already own VTI. Just wanted to get this community's opinion on Microstrategy instead of paying fees for BTC ETFs And I repeat: VTI and chill. MSTR is already part of the market. You're already "exposed" to crypto, as it were. If this is a gamble play, then put whatever you think you're willing to lose. But if it's an actual investment play, I'd say you're already invested at the correct amount.

skr_replicator

If MSTR is more like longing BTC, then you're going to be much safer just holding BTC. Especially since now it's starting to look like this 4 year cycle's bullrun might really be over for now, which means BTC might go as much as another -50% down within the next 1-2 years.

Captain_Planet

There was some use in terms of capital gains tax but other than that I see nothing. The thing is, I've been here for longer than Saylor, I was in a loss after buying the 2013 Peak, the difference is it was my money so I could sit on a loss, I'm the one who feels the pain and holds on. With MSTR it is different, I just can't see how it won't all fall down like a house of cards if the price goes too low. If you buy MSTR then you must believe in Bitcoin long term, so if that is the case I don't see why you wouldn't just buy Bitcoin, then no matter what it is yours. With MSTR you have to trust it is all not just BS.

FurlessSasquatch

Your daily reminder. MSTR is about as useful as a clogged toilet. Most logical people who want access to BTC would just buy BTC themselves. Then you have this special group of people who would rather pay Saylor to do it for them

SnooChickens7147

Comparing MicroStrategy to a hedge fund or a land bank is a classic case of apples-to-oranges financial gymnastics. In 2026, that comparison doesn't just fall flat—it highlights exactly why the MSTR "infinite money glitch" is in trouble. A hedge fund has an "end of term" where they return capital. Saylor has explicitly said his term is "forever." \* If MSTR investors decide to "get out" because of underperformance, the stock price crashes. Because MSTR relies on a high stock price (premium) to buy more BTC "accretively," a mass exit doesn't just lower the price—it breaks the engine. ### 2. Hedge Funds Have Performance Fees; MSTR Has Dilution In a hedge fund, the manager gets paid if the assets grow. In the "MSTR Fund," Saylor grows the total Bitcoin pile by diluting you. In 2025 alone, MSTR was the largest equity issuer in the U.S., raising over $25 billion by printing new shares. If a hedge fund manager said, "I increased our gold holdings by 10%, but I had to issue 15% more shares to do it," they’d be fired. That isn't "yield"; it's a negative-sum treadmill. Land banks and hedge funds often hold non-cash-flowing assets, but they don't usually pay 11.25% dividends on preferred shares (like MSTR's STRC) to do it. Saylor is now paying "junk bond" interest rates to hold a stagnant asset. A hedge fund with 11% overhead and 0% growth is a fund that is dying in real-time.