MSTR gave up $4 dollars just like thatCommunity discussions
MSTR gave up $4 dollars just like that
MSTR ""Strategy also re-included common stock ATM guidance at which it promised not to sell common shares when the mNAV falls below 2.5x. The company earlier this year had this guidance, but then pulled it, causing some consternation among shareholders."I posted this after earnings, Saylor lies again, and I cannot even find one hit on Google where any enterprising reporter is picking this up and reporting on it from the October earnings. Only some reports from August.
MSTR Saylor diluted again last week, 183,501 shares at avg price of $296 for a total of $54.4M. That would have been Monday last week, because that's the only day the stock traded near $300. So with the stock struggling to break $300, a critical level, he is in the market diluting the shares. He just can't help himself. As for the preferreds, they only sold $15.1M. That's the worst week yet. That was not even enough to cover the $24M STRC dividend for October, which was payable Thursday last week.
MSTR Saylor said something else interesting on the call yesterday where basically he admitted they are only keeping the software company active as a tax shelter in order to preserve ROC status of the preferred dividends. I believe Phong Le also said something of similar effect. I'm not sure I'd be saying that out loud if I were Saylor, as the IRS usually does not treat such tax shelters kindly and calls them "abusive tax shelters", which are illegal. I'm sure his lawyers and tax advisors cringed worse than his shoulder-heaving tick when they heard that.
MSTR The Logoman has probably written at least 10++ thick ass books about MSTR for free here. Really doing everyone here a solid with all that reading material. Thanks bud 😂
MSTR they'll have to selling BTC soon to pay off debt.MSTR Today was a reassuring day... For shorts. Stock closed lower than it was the prior day at market open, and it continued to fade all day after failing to regain yesterday's opening price. Selling is likely to dominate next week, unless bitcoin has a major rally over the weekend. Saylor said on the earnings call that he is happy to "coast" while the mNAV is low as he expects 30% annual bitcoin returns anyhow. Unfortunately what he didn't mention is coasting leads to more mNAV compression as the market buzz continues to leave the stock. Out of sight is out of mind in this risk-on market.
Without a major catalyst, it still looks like an mNAV of 1.0 or less is likely by year end, possibly as low as 0.85-0.90. That would be a good entry point if you like risk and prefer not to own bitcoin direct.
Until then, IBIT, or BITX if want leverage, are far better and have much lower "maintenance" costs along with near zero decoupling risk.
MSTR hodl is the wayMSTR COIN is trying to go up but MSTR is keep fading
MSTR coin has another 10 pts in it also