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If $543 was the cycle's peak and $MSTR sees a drawdown like the last bear market, it could drop to $55 by Sep '26. I doubt this will happen, but can you imagine the FUD if it did? Sounds like a fun time to me. 😂

DRE 9mo ago

What would the MNAV be? Wall Street is not that clueless as to let MMAV go below 1 for too long

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Discussion

Wicked 9mo ago

They would if there was legitimate fear that they might not be able to service their debt without selling some of their bitcoin at a loss.

DRE 9mo ago

But there isn’t because their yearly obligation on STRK and STRF is less than $150M and the coupon on all their converts ($8.214B) is 0.421% less than $35M

They can turn the ATM on MSTR for 5 mins and raise that much

Wicked 9mo ago

Not if everyone's super bearish on bitcoin, they can't lol.

DRE 9mo ago

Of course they can.

They can use the ATM on MSTR and STRK to buy more bitcoin or pay off debt whenever they need or want. If you think they would sell bitcoin before they use free cash flow from the business, issue more shares, or do a convertible bonds offering, you’re delusional, no offense.

The market sentiment on bitcoin is already at Extreme Fear btw

Wicked 9mo ago

If you think this is extreme fear then you might've forgotten what it was like last bear market.

DRE 9mo ago

I’m referring to the index. We are not in a bear market