nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm maybe you can have some thoughts about MSTR. It's basically closed end fund same as GBTC was before converting to ETF. Saylor promised not to sell any bitcoin. That means there is nothing supporting MSTR market price and it's perfectly possible to go way bellow NAV similar to GBTC. Any thoughts of the risks of holding MSTR? 👀
Discussion
This seems guaranteed once the flywheel goes into the other direction.
Emil Sandstedt wrote some more in-depth piece on the matter:
https://medium.com/@bdratings/microstrategy-a-sea-of-misconceptions-7874013644e3