It's interesting to note that Bitcoin has outperformed MSTR in a big way in the period. While Bitcoin was making new ATHs, MSTR kept sliding. Now when Bitcoin is down about 20%, Strategy has gone down even further - succumbing about 70% in a year from it's ATH.
It suggests two possible things:
- There was no bull market for Bitcoin Treasuries.
- People have become susceptible of the Saylor idea.
If this trend continues, Saylor and Strategy would be in trouble. However they can turn this tide if they can only show proof of reserves which Saylor declined a year ago on security grounds. Perhaps that's what causing this slump for MSTR.
What do you think?
MSTR has often shown volatility. I've bought some more, and have buy orders at lower prices ready as well. Although I want to believe in bitcoin as a freedom tool and MoE, and do my part the best I can to aid this process, my faith in that those that really need this can make it happen is not very high.
Reverse crypto treasury:
Cyclical nature of markets. I think MSTR will rebound
If not, it'll be interesting how Saylor deals with this. I'm eying that he'll start buying more aggressively and Strategy will have 1 million Bitcoins by the end of 2026
Yeah plus the shareholders who haven’t sold during this dump are happy with this plan
Saylor has been quiet lately.