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Strategy (MSTR) falls to 52-week low
201 sats \ 3 comments \ @Coinsreporter 13h Stacker_Stocks
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?
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22 sats \ 0 replies \ @d01abcb3eb 8h
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.
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22 sats \ 0 replies \ @Scroogey 9h
Reverse crypto treasury:
  1. Borrow $100 to buy $100 worth of crypto, put it in a pot, and sell shares of the pot for $200.
  2. Use $100 of the money you raised to pay back your borrowing, and the other $100 to buy $100 more of crypto.
  3. Now the pot has $200 of crypto in it and trades at a valuation of $400.
  4. Wait.
  5. Eventually people will realize this is dumb and the shares of the pot trade down to, say, $150.
  6. Sell $150 worth of crypto to buy back the stock.
  7. Now you have $50 worth of crypto for free.
If this is a one-off thing — if the vogue for crypto treasury companies has come and gone — then, hey, free $50. If this is cyclical — if crypto treasury companies come back next year — then you can keep doing it over and over again. A crypto volatility perpetual motion machine.
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0 sats \ 0 replies \ @ivermectin 11h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.