MSTR The NAV premium bubble pop short trade worked out, but that means it's no longer valid, since NAV premium is now gone. The company is now basically just Bitcoin + some debt baggage, there's no reason to trade it in either direction now. For Bitcoin bears it's probably still better to short Strategy, bulls should just buy Bitcoin.
MSTR and BTCUSD You may wanna pay attention to JPM's recent warnings regarding Microstrategy's looming de-listing warning. Their risk and balance sheet premiums could get them kicked off of stock exchanges. It's not a "hoax". It's securities law, for a reason. MSTR bet against the US dollar and Gold, heavily. Now, it's gonna pay the price. Gold crushed, again. BTC is NOT Gold. lol.
MSTR Has any one seen Saylor ?? … He’s out fluffing and banging them investor doors. And right now he’s in Columbia meeting with a concerned giant investor …
MSTR So Saylor just admitted on X that they are predominately a financial services company, and he dared MSCI to kick MSTR out of their indexes because he doesn't care or need them. Real smart. That also gives the SEC a green light to start regulating them as such, serve them with a subpoena and fine them for operating an unregistered financial services company that acts in a custodial manner. That means they will be examined with a rubber glove and have to start following all the bank regulations that other financial service companies must operate under.
It also gives the S&P ample reason to keep them out of the 500 index because financial service companies are not allowed in it. Bank regulators and auditors should move in at once to the MSTR HQ and start their bank examination and stress test to make sure they are financially sound. Large amounts of CASH capital reserves will need to be kept on hand by MSTR to fund possible redemption requests by preferred stock holders. Further capital raises and ATMs would not be allowed until the examination and audit are completed, which could take months or years. Nice job Saylor! One can always count on him popping off at the mouth to make the bears case.