tldr; Strategy’s stock has dropped 60% over the past year, but its Bitcoin holdings remain profitable, with an average purchase price of $74,430 per coin and a current value of $86,000 per coin. Despite the stock’s decline, Michael Saylor, the company’s chairman, refuses to step down, emphasizing the long-term potential of their Bitcoin strategy. Analysts note that the stock’s weakness is partly due to technical factors, such as its use for hedging Bitcoin exposure. Long-term investors remain supportive despite short-term volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
fistfucker07 on
Not that I buy MS, or give a shit about them at all, but How would stepping down change this?
They’re either profitable or not based on the price of btc. Not who sits in whichchair.
ThreeTonChonker on
This is such a dumb storyline meant to induce panic.
Is Saylor over leveraged? Probably.
However if there’s one thing that became obvious during the hilarious GME debacle, it’s that pushing billionaires towards insolvency in the modern era is basically impossible because of how easy it is to just keep on taking more debt.
I’m sure the trolls and bots and buttcoin morons will tell me that Saylor is in deep trouble though and I should be worried.
DryMyBottom on
strategy investors can buy the dip 🙃
letsdrinktothat on
So the diluted mNAV is now 0.98. Basically the premium has been wiped out, and the stock is trading 1:1 to the value of the bitcoin they hold. The MSTR premium only made sense (if it made sense at all) in bull market conditions, so I’d imagine Strategy would expect such a correction in the case of a significant BTC pullback. I don’t see why Saylor should resign in that situation.
NonVideBunt on
Anyone that owns MSTR deserves to be totally pwned for their stupidity.
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tldr; Strategy’s stock has dropped 60% over the past year, but its Bitcoin holdings remain profitable, with an average purchase price of $74,430 per coin and a current value of $86,000 per coin. Despite the stock’s decline, Michael Saylor, the company’s chairman, refuses to step down, emphasizing the long-term potential of their Bitcoin strategy. Analysts note that the stock’s weakness is partly due to technical factors, such as its use for hedging Bitcoin exposure. Long-term investors remain supportive despite short-term volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Not that I buy MS, or give a shit about them at all, but How would stepping down change this?
They’re either profitable or not based on the price of btc. Not who sits in whichchair.
This is such a dumb storyline meant to induce panic.
Is Saylor over leveraged? Probably.
However if there’s one thing that became obvious during the hilarious GME debacle, it’s that pushing billionaires towards insolvency in the modern era is basically impossible because of how easy it is to just keep on taking more debt.
I’m sure the trolls and bots and buttcoin morons will tell me that Saylor is in deep trouble though and I should be worried.
strategy investors can buy the dip 🙃
So the diluted mNAV is now 0.98. Basically the premium has been wiped out, and the stock is trading 1:1 to the value of the bitcoin they hold. The MSTR premium only made sense (if it made sense at all) in bull market conditions, so I’d imagine Strategy would expect such a correction in the case of a significant BTC pullback. I don’t see why Saylor should resign in that situation.
Anyone that owns MSTR deserves to be totally pwned for their stupidity.