MSTR - Once price drops again, the fear levels are going to be legendary. It’ll be exacerbated by MSTR selling some of its BTC, which will create a doomsday spiral for the stock and Bitcoin itself. IMO, it’s not a matter of “IF” this is going to happen, but “WHEN”. I think the “when” is whenever price hits its next lower low after a lower high. Translation - we go to 98-110k soon then fall below 80k. That would be the beginning of the end.
MSTR Who: National Bank of Canada (Canada's sixth-largest bank).
What: Acquired 1.47 million shares of MicroStrategy (MSTR).
Value: Approximately $273 million.
Why: To get indirect exposure to Bitcoin, as MicroStrategy's strategy is to hold large amounts of BTC, allowing the bank to gain BTC-linked upside without managing digital wallets directly.
Significance: Shows a major shift in how traditional banks view and invest in crypto-related assets.
MSTR Always nice to be slapped in the face by one of your main investment bankers:
"Cantor Fitzgerald cut its 12-month price target for MicroStrategy (MSTR) from $560 to $229, but keeps a 'buy' rating. The firm noted sufficient cash for 21 months of dividends."