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MSTR I love the Saylor philosophy, but why should I pay 1,7 times btc actual value?
In my opinion he must diluate until reach 1,2 times or so. Far more attractive for long term investors...

MSTR just be picky about location/allocation but stay biased long the weekly timeline broskis


MSTR Only $13.6 worth of STRx was sold last week which was used toward the purchase of 155 BTC (plus about $5M from cash on hand).

As I have been saying for some time now, there doesn't appear to be much market appetite for the STRx shares, except for when they are offered at a major discount during the IPOs. So the rapid pace of BTC accumulation has now came to a screeching halt.

Either the market will celebrate the lack of Class A share dilution and the mNAV will rise. Or the buzz surrounding the company will fade as BTC accumulation slows to a trickle, in which case the mNAV will gradually fall further.

I personally believe Saylor has backed himself into a corner. Targeting an mNAV of 2.50 is probably not realistic or attainable. There is no reason the market should pay a 150% premium to spot BTC net value. MSTR is not improving the asset they are acquiring and the asset does not provide cash flow. There is no secret sauce. At best the company is basically just a leveraged bitcoin ETF parading as a stock.

An mNAV of 1.50 or greater is a much more realistic expectation... Especially for a company whose core business continues to lose money, has potentially large tax obligations looming and is raising capital using preferred shares with expensive dividend commitments. Those risks are real and can't be ignored. An mNAV of 2.0 or higher would require the market to ignore those risks and pretend everything is all rainbows and unicorns.

MSTR when btc used to be 123k, MSTR was 455, why the premarket is only 415!

MSTR saylor ain't selling common this time shorties 🫡


MSTR bears pack ur bags come back in a couple of months