MSTR big resistance on technicals here. Going 5x leverage long. MNAV is now at 0.901. If I use 5x levarge that´s around 50% discount in comparison to buying bitcoin itself at this point. Something to think about ✌🏼
MSTR I wonder how many people bought Puts today? I started to, but decided to buy calls when BTC hit $88k, and pray the bleeding would stop. I think that was the dip of the dip of the dip of the dip. If so, this is about to be my best trade since the AMC squeeze 🫣
MSTR Fact of the day: Each time Saylor hits the common share ATM he is issuing Class A shares, which all common shareholders hold, and thus diluting shareholders. Know what type of shares he holds? Class B shares, so his shares are not getting diluted like yours are. Think that's a coincidence? Of course not. He is ok with diluting you, but not himself. No wonder he lives in Washington DC, I'm sure he fits right in there.
MSTR FYI, BTC fully diluted fair value per share (pre-tax) is now around $181 share. That does not include any provision for preferred shares having 1st senior priority claim on $7.8 billion of the bitcoin holdings. That lowers fair value another $24 per share, making actual pre-tax value $157 bitcoin per share. Put another way, investors are still paying about a 20% premium over bitcoin-per-share value.
MSTR Next bottom if BTC goes down as expected we maybe could expect MSTR next between 147-155-165. No guarantees, just a personal opinion based on market structures visible / understood so far. Anything can change anytime. Upwards after market maybe around 189-194. Strong Resistance at 209 as of now. ATB