Strategy's mNAV value just dropped the value of the Bitcoin it holds:
Discussion
Those preferreds pillaging the normal stock holders.
Holy shit, did not expect that to happen this year! Where the heck is sentiment? Is bitcoin Twitter just that pathetically pessimistic and Hugh time preference that they can singlehandedly draw down Strategy sentiment to below NAV?
I'm waiting for Xerox shares to start pumping 😂
I think Saylor did that well enough himself with these "credit" products. You think wall street gonna let investors sit on 1000% gains?
I don't get it. It's just better than any other dollar thing out there. More ethical and greater returns for the people who need dollars/short term stability. It had a hugely successful launch. Fiat coiners are just too shortsighted.
I'm keeping my investment, there's no fucking way this is going to stay below 1× mNAV for the long term unless there is a massive state level coordination to that effect.
Noted.
As it should be 👌
Saylor used to refer to MSTR as essentially a 2x leveraged play on BTC. Call me crazy, but it seems to me that this result is inevitable for a 2x leveraged play on an asset that at best has been moving sideways.
PS. I haven't heard Saylor refer to it as a 2x leveraged play in many months. Go figure.
He hasn't referred to it that way because it's a very imprecise way to think about it. That's not essentially what it is. It's common equity in a company that produces goods and services and has potential to earn more bitcoin. That's it.
Lol you have the ap. I do too, forgot I'd installed it until now
Yes, the X (Twitter) app where I stole this JPEG from 😂
That was the other option, and in hindsight more likely than you both having the ap and tracking it so closely as to notice the point in time where they flipped.
Also, there's a Strategy app? 😱
There is 😱
That's just one of them lol. There's so many ways to track the price of bitcoin, you need supplemental apps, each with 10 tabs
Yes. Came out a few months back. Recognize the look of it.
It's quite slick based on my cursory look at it. Not cheap to build, if I had to guess. And there may even be 3-4 apps if I recall. It's crazy. Check it out.