. retweetledi

Some thoughts:
Rotating out of $MSTR isn't conviction, it's contradiction.
Many of these new treasuries are great and quite impressive, but rotating out of $MSTR (576K BTC, $58B, 2.91% of total supply) for a 0.04% or 0.02% stake makes no logical sense.
$MSTR is on the verge of positive earnings with FASB fair value accounting now in effect, potentially leading to inclusion in the s&p 500.
Yes, you can make the btc yield argument. Without scale, liquidity, and reflexive capital, it’s just a number. Eventually, it will be less juicy...especially during slow points or underperformance, because you can’t have the good without the bad. When a company can surpass your entire holdings in a weekly buy, it's irrelevant as time runs its course.
Strategy is sitting on 19.8 BILLION in unrealized gains.
No other company has this engine at scale
dilution fueled $19.8B gains, and IV remains S&P 500’s highest.
some preach “stack sats,” but sell the ultimate BTC accumulator during temporary sideways action.
All of this is under the assumption you're irresponsibly long of course.
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