The possibility of MSTR blowing up is basically zero now, as “coin hoarders who only buy and never sell” have shifted into “flexible managers” in capital operations.
The strategy still involves hoarding $BTC, but it can also be sold at any time, up to $1.25 billion.
At the current price of $60,000, that equates to nearly 21,000 BTC.
MSTR currently holds 840,000 BTC, so this is only a small portion.
But before it was “only buy and never sell”; now it’s flexibly adjusted.
For MSTR as a company, this is a short-term positive, since the risk of a blow-up has sharply dropped.
However, in the long run, the “Bitcoin leverage” characteristic of this MSTR asset will weaken.
So in the next bull market, MSTR’s multiple will be lower.
If this trade thesis holds, then anything below 90 is worth buying.
It’s almost certain that STRC will return to 100 again.
Buying at 90 and selling at 100 is an 11% return, with a fixed dividend yield of 12% annualized.
What’s more, it’s now 82—yesterday it was still 75.
#MichaelSaylor暗示增持BTC $MSTR.US
The strategy still involves hoarding $BTC, but it can also be sold at any time, up to $1.25 billion.
At the current price of $60,000, that equates to nearly 21,000 BTC.
MSTR currently holds 840,000 BTC, so this is only a small portion.
But before it was “only buy and never sell”; now it’s flexibly adjusted.
For MSTR as a company, this is a short-term positive, since the risk of a blow-up has sharply dropped.
However, in the long run, the “Bitcoin leverage” characteristic of this MSTR asset will weaken.
So in the next bull market, MSTR’s multiple will be lower.
If this trade thesis holds, then anything below 90 is worth buying.
It’s almost certain that STRC will return to 100 again.
Buying at 90 and selling at 100 is an 11% return, with a fixed dividend yield of 12% annualized.
What’s more, it’s now 82—yesterday it was still 75.
#MichaelSaylor暗示增持BTC $MSTR.US