MSTR

EscortSportage

What was MSTR buying back then?

randomcoinaccount

It is actually worse than that, MSTR was the catalyst with the dot come bubble burst. They were one of the first companies that had to reinstate earning because of their horrible financial practices. I used to work there during that time. Crazy to watch Saylor at it again.

OkConfection9087

But in the same sense that Neumann is a bad businessman, Saylor is too. We are at this point where MSTR is business that no one even understands what it does and I believe they operate at a huge loss. Really all they do is just buy bitcoin at this point and why anyone would even consider them worth anything. And it might have been a good way to buy bitcoin a while back when it wasn't mainstream and people didn't know how to invest in it without going into bitcoin wallets on weird exchanges, but now it's so mainstream and accessible that people can buy ETFs and just get crypto on mainstream brokerages too. So why the fuck would anyone buy into a weird business that just buys bitcoin, when they could just buy it themselves now? People are starting to realize that the stock price is so overinflated and makes no sense at all, and it's dropping fast. So then Saylor decides to announce preferred shares that will pay out 10% dividends and it sounds like a good deal on paper, but companies that do this is a common thing called the dividend trap. The dividends are nice, but the underlying price keeps falling, which makes it feel impossible to sell, so now you're pretty much locked into investing in a shitty company because selling at a loss feels really fucking bad. To top it off, he bizarrely tweets out a picture of himself, alone, escaping a sinking ship. I don't care what he was trying to say with that image, when your stock is down this bad, and you post some shit like that you look like you're getting the fuck out of your own shitty stock. So overall, I can't say he's a fraud, but people who are trusting him are losing a lot of money.

potato111a

Lets let MSTR run $100 this week. Thx.

Training_Baker5454

The irony is a massive pump to wreck puts this week would make the most sense. The 3 weeks of dumping has ruined this months calls anyways. Let’s let MSTR run $25-50 this week.

KodiFranz

Imho the MSTR rating is on junk level, so pension funds and maybe most institutionals cant or wouldnt invest.

MXCE0

Unless I’m mistaken MSTR has no actual obligation to pay preferred holders

Aconceptthatworks

Perfect answer really, the amount of mental gymnastics MSTR bagholders do is good entertainment tho. 

cysapien

MSTR had a value proposition when investors, especially outside the US, were not able to buy BTC in tax sheltered accounts (e.g. ISA - UK). Recent changes mean that direct access is now permitted, albeit not leveraged. Plus, financial engineering of MSTRs capital structure puts equity holders at the highest risk position (as usual) but now will need to be continuously diluted to support hybrid capital and debt, and not just for BTC purchases.

Wardvvhzn

Anyone still looking at MSTR?

Sazza12

https://preview.redd.it/v1b6fp65ns1g1.jpeg?width=1728&format=pjpg&auto=webp&s=80e18469cee1e5eaa53c84fe99873e318787c45d As you can see on the chart MSTR is just repeating the moves of the last cycle. With MSTR you get bigger gains on the way up but also bigger losses on the way down. People don't like to admit but the 4-year crypto cycle is very real.

back0n

A put on MSTR

sl3azebag

ready for MSTR to fill the gap to 170

defnotIW42

What everyone here is basically missing. There is no fucking rule that MSTR has to depreciate or appreciate to whatever BTC does. Its basic ass equity. It isnt a ETF. It's correlated on vibes. Thus, in a Bitcoin Bear Market (which seems like this is whats happening) all the regards loose interest in the sector, get flushed, mstr equity drops. That reduces the MNAV. to basically like what it is now. More or less 1. Thus Saylor cant raise cash to buy bitcoin. What happens when saylor cant prop up the bitcoin price? Bitcoin doesnt recover fast. Or even goes into a deeper bear market. Thus more regards get flushed out. More regards loose interest in the sector. We go below 1 mnav. Any buy that saylor does becomes extra dilutive. Just the upkeep of MSTR becomes freakishly expensive. Then, MSTR has a annual dividend overhang of ~700m dollarionos. He cant pay them. By delaware law he defaults ok some of his preferred dividends, hence these preferreds go to zero. In the end MSTR just seizes to function. Which lead to the equity becoming radioactive.

Flashy-Finger-8600

Everyone is regarded and wrong here like usual; 1. Their debt is minimal, like 11% debt to equity ratio 2. You buy mstr as an investor because they are able to increase their bitcoin per share over time. This has been proven because they outperform bitcoin’s return 3. Yes it’s leveraged but mostly with preferred shares (equity) and not debt (which is what they used to issue to raise capital to buy more Bitcoin. 4. MSTR not going bankrupt, when Bitcoin rebounds so will mstr, and probably more violently NFA

Feeling_Total_2394

from what i understand many pension funds are not allowed to have bitcoin in their portfolio, so they buy MSTR as a workaround to have bitcoin exposure.

x3lr4

It's because not everyone can buy Bitcoin. They use MSTR as an intermediate to match regulatory requirements. Also if you look closely, there are some pretty good combo deals between their bonds, their stock and their convertibles. The entire business model is built on the government not being able to balance the budget and the Fed ultimately financing them. It's a Trojan horse that long-term aims at exploiting and destroying the Dollar system.

Misher7

It’s because MSTR’s “infinite money glitch” is highly dependent on liquidity and juiced credit markets. He has to rollover his debt and if he can’t at the conditions he needs his glitch reverses itself to remain solvent. If you haven’t noticed credit is drying up.

neurotiiiic

Def printing. congrats. MSTR gg to zero and NBIS gg to $200

Aznshorty13

If you trade on Merril Lynch you cannot buy any of the ETFs, but can buy MSTR. Its dumb.

ProfessionalOkra29

Could it be? My NBIS calls AND MSTR puts will print? Hallelujah

blademaster8466

Why did you buy MSTR instead of bitcoin? Better liquidity?

Livueta_Zakalwe

Why not BITO or BTCI instead? ETFs that sell covered calls and pay big dividends - sure there can be NAV erosion, but MSTR’s strategy is so complex - and the results of late have been so awful - it feels like a scam.

Icybonerr

Basically, MSTR is a leveraged type play on Bitcoin.

Mohammad_Noruzi

MSTR is Bitcoin with leverage ( i know it's more complicated than that, but that's the simple term for it ). so if someone have a higher risk tolerance and want bigger gains, they can buy MSTR instead of BTC.

TastyToad

You're not wrong but he's being careful this time so it will take years and buttcoin fail for MSTR to collapse. And even then he can probably go Neumann route and run away with a big bag of cash before things go bust.

sl3azebag

MSTR puts save me please

NotCoolFool

I mean - that is true but MSTR own the Bitcoin they say they do so I’m not sure how you’d say they are a “con job” ? I’m actually interested to see what your reasoning would be.

PracticalAnywhere225

No major publication is serious anymore, they all just go to the highest bidder. Saylor just paid for a glamour shot to get MSTR in front of people.

AllCapNoBrake

I just short MSTR and BTC. It’s too easy.

behindcl0seddrs

Why was MSTR under 300 when Bitcoin was above 118k and RIOT and MARA were pumping

christopheroptions

Emails leaked said Jeffrey Epstein created bitcoin. Look at how $MSTR ceo looks 😳

sl3azebag

if you are invested in MSTR you are gay, fat, ugly, and retarded!

ItWillPrint

MSTR

sl3azebag

She’s a 10 but she’s invested into MSTR at 300+

Virtual-Moose5921

#Uber driver I ran into at the corner store told me that MSTR bubble burst and its puts on IBIT LMAO🤌

Low-Scarcity88

!banbet MSTR 175 4d

sl3azebag

MSTR continued dump in morning ?

NotRllytho

And MSTR

hypeaze

Good time to go all in on MSTR imo

Cantthinkofacoolnam

MSTR is a stupid concept. Instead of buying bitcoin yourself you buy their garbage stock ? Why would you even do that.

sl3azebag

MSTR you’re looking a little too high! Let’s shoot for $160!

sl3azebag

wow would you look at that! My MSTR position isnt down!

shortgamegolfer

Looking for a nice spot to buy MSTR

sl3azebag

goodbye MSTR

Iunatic

Can we sacrifice corn and let MSTR go to zero so NVDA can go to 100T? LMAO

jpric155

It would be truly glorious if this was a shakeout dip since Oct 10. Liquidated over leveraged longs. Let everybody get bearish and start talking about the cycle being over. Bears go all in shorting MSTR and BMNR. Crypto straight rockets into EoY.

Snoo-30340

$MSTR full port and fuk u bers

yomamaeatcorn

Yolo-ing $MSTR

HoiPolloiAhloi

Need MSTR to go up

Swampy2007

Are y’all looking at getting MSTR stock ? Good buy or wait a little be more to drop ?

sl3azebag

Chapter 1 of the Grunge Bible: 1.) Alice in Chains is a top 5 band. 2.) Short BTC and MSTR

AllCapNoBrake

Better than BTC and MSTR bag holders https://preview.redd.it/5tiaqc6hgp1g1.png?width=451&format=png&auto=webp&s=45fe7ac52f276447eb9ffbe217c953f4d26fa088

sl3azebag

I'm a bull for everything but MSTR and BTC

LasyKuuga

MSTR might just go up tmr with how much MSTR bears they’re in chat

Inner-Instruction-57

MSTR

Cockballzz

Imagine how low MSTR is going to fall when they remove it from the NASDAQ 100

LasyKuuga

How much lower can MSTR go

pistachiopias

Your unbridled hate towards the trash that is BTC and MSTR fills me with hope and joy.

TheoryInttro

All I want for Christmas is MSTR to 0 and Goog to 300. That's reasonable, right?

Roxorek

should be a good time to buy bitcoin and MSTR soon then just wait till it goes to 170-180k

WhoCaresWhatITink

A few weeks ago guy I know was who owns a company I buy from was going on and on about his MSTR and OKLO and how fucking smart he was and how he is up big. I told him congrats and I dont know how high they will go, but I know where they are going to end up. I suggested if he was still bullish to take his cost basis out at least before letting the rest run. He in so many words said "f that you should buy in too." I am going to go visit him again now. I wont even need to say a word. He may have some promotions going on in light of recent events lol.

WilsonMagna

Jeez, BTC bout to turn red YTD, and MSTR is just ripperino.

trulyhighlyregarded

If MSTR is an institution, I am a distinguished gentleman.

AllCapNoBrake

Updated view of buttcoiners and MSTR bag holders https://preview.redd.it/awiiq2hizo1g1.png?width=451&format=png&auto=webp&s=275073d276fd429255d059ec4c603da49b13a920

ImthatRootuser

BTC crash is having a domino effect. Institutions are being forced to sell for loss. Like MSTR.

T1m3Wizard

Wasn't MSTR in the thousands?? What happened?

Externox

MSTR dropping hard tomorrow bitcoin it’s down almost 3k today.

ComprehensiveKiwi489

What is MSTR's average BTC buy price? $74,000? At what point would they have to do forced selling of their BTC?

AllCapNoBrake

Despite being banned, I was able to get a real-time view of BTC and MSTR's daily chat: https://preview.redd.it/djysifwpuo1g1.jpeg?width=120&format=pjpg&auto=webp&s=e16bd36f479094747df27871f0789088fdc3fbaf

sl3azebag

My MSTR shorts are creaming and gushing rn

Metacog_Drivel

I, for one, am all for shitting on MSTR

Ble_h

Corn is fake anyway. Puts on MSTR and every other company who buys buttcoin.

Snoo-30340

MSTR going to announce $4B btc purchase tomorrow

Gom_KBull

honestly i think these things play out MUCH longer than any of us have attention spans for. Id give it by Dec 2026 or so until MSTR faces a huge credit event.

Successful_Car1670

Only question is when MSTR gets liquidated…

smellyfingernail

MSTR to 0

cbusoh66

Selloff in Bitcoin --> Selloff MSTR --> More Bitcoin Selloff --> More MSTR Selloff and so on Once the feedback loop gets going, ain't nothing stopping the carnage....

PureSpecialistROTMG

!banbet MSTR +40% 20w

InformationSad5653

When is it time to do monthly’s on MSTR

groovur

Chanos exited his short MSTR and lng btc Thursday, not sure about Shkreli. 

jraiv420

MSTR 🌽 margin call would be sexy

John-AtlasGames

Wish I'd held my SBIT longer but at least I bought MSTR puts on Friday

Bacon_Sammich_247

Bet against BMNR and MSTR first thing Monday… [I am not a financial professional, this is not financial advice]

youyololiveonce

All this negative sentiment on MSTR only means it’s time to full port MSTR

---Right--Tackle---

MSTR gonna open at 0

sl3azebag

BTC to 85, MSTR to 150. All end of week! Thanks for ur attention to this matter bitches.

joe4942

MSTR + BMNR likely cooked.

Initial_Ad_9250

Folks from Netflix please put me. in the screenshot when you're preparing a documentary on MSTR's decline .

Zeppu

MSTR won't be the immediate problem, it will be the small companies that have copied the same model. Those will fall first and initiate forced selling, creating a chain of sales that will then, yes, end up dragging MSTR down.

S-Club-Party

If you’re an MSTR bro and have never asked yourself how someone makes money from 0% bonds, it might be the time

Latrodectus1990

MSTR is dead tmrw I hope you dont have it in your port folio

ThatFUTGuy

if any of you regards believed in that lunatic $MSTR ceo and his ghey ai pictures then i hope your calls expire worthless for being so brain dead

orangeyougladiator

MSTR somehow pulled off the first regulated and legal Ponzi scheme and people still have faith in it

NewLifeInAfghanistan

Maybe another casual $5k drop on corn and I'll sell my MSTR puts tomorrow

Snoo-30340

MSTR 250 tomorrow

peaceinthevoid2

I have MSTR and STRC, strk, strf, MSTY and STRD. I'm dumping all this shite tomorrow for a 5k USD loss. F this scammy shite.

Zeppu

Why are they saying that MSTR is below NAV when its magical currency assets never actually held any value? How can you calculate NAV on something that is purely speculative? It’s like building a castle in the air. I understand the NAV of a company with land full of wind turbines and solar panels, with factories, with oil reserves, but what the hell is the NAV of a magical currency whose value is only assigned by fantasy?

Skid-Vicious

Let’s goooo with pushing MSTR down to 150

9xD4aPHdEeb

I have been short MSTR long IBIT for a long time. Now that mNAV is close to 1, I am not sure what to do next. Some thoughts: # Short MSTR long IBIT * Just like mNAV went much higher than 1, mNAV could go lower than 1. * Saylor could sell BTC and buy back shares bringing mNAV up to 1. mNAV of 1 is the steady state. * Saylor's debt is not due for several years, so he won't be in trouble for a while. # MSTR put or IBIT put * If Saylor sells BTC (to buy back shares) it could lower the price of BTC. BTC dropping would take down MSTR as well. * MSTR puts are more expensive than IBIT puts. # Short volatility (short MSTR put + long IBIT put) * Volatility of MSTR has decreased, but is still larger than IBIT. * Delta hedging of convertible bond holders decreases volatility. # Long volatility * The big players (convertible debt holders) profit from higher volatility. Could also make sense to align with their best interest.