千里马

[千里马 @24353138]

@laohei789 完全同意，砸盘的并不是塞勒，就是觉得是贝莱德要搞死微策略，抢比特币的控制权

[千里马 @24353138]

@realGuanYu 🙏🏻感谢

[Adam Livingston @AdamBLiv]

MSTR Reality Check

Emotions are running high!

People are getting manipulated by all of the engagement farming FUD and for some reason think Saylor and Strategy are on the brink of some death spiral.

As per usual, these people don't do math. They just post a red chart with a doomer sentence for clicks.

If I remember correctly, MSTR survived 2022. Actually, I don't have to remember, because I can buy the stock today.

Let us compare it to the absolute depth of the 2022 bear compared to today.

On November 21, 2022, Strategy had 130,000 BTC.

Their outstanding debt (senior claims) was equivalent to 146,735 Bitcoin.

Yes, the amount of Bitcoin that MSTR shareholders were economically exposed to was NEGATIVE. -16,735 Bitcoin.

The senior claims left zero residual for the common stock, and yet the stock never went to zero. On that same day, the stock closed at $15.72. The common equity bitcoin exposure NAV per share was -$2.33.

Today, they have 847,363 Bitcoin, with senior claims in Bitcoin at ~351,567 BTC.

Yes, in 2022 the common equity was exposed to -16,735 BTC and now it is exposed to 495,796 BTC.

2022 common equity sats/share: −14,786 sats/share
2026 common equity sats/share: 138,146 sats/share

2022 common equity NAV per share: -$2.33
2026 common equity NAV per share: +$81.69

Yes, right now the stock is trading at $87.64 vs the NAV per share of $81.69.

That means the true CEBE mNAV is 1.07x, a 7% premium to the residual left over after senior claims.

Strategy has a balance sheet built for war.

This is a cake walk compared to 2022.

[千里马 @24353138]

@oragnes 华尔街的老钱就是要搞死微策略

[千里马 @24353138]

@Martonzhang007 6W不可能是底，微策略不卖币还利息，股价继续崩。卖币填坑，比特币也崩，微策略估值继续往下，死亡螺旋。前期4.9W那个位置有很大概率要去测试的。

[千里马 @24353138]

@TheMarketMemo 这一年多只拿了一个SPMO

[千里马 @24353138]

@0x_adong @giantcutie666 华尔街传统力量跟微策略的博弈

[千里马 @24353138]

@giantcutie666 微策略违约，币价才能到底

[千里马 @24353138]

@realGuanYu 真是名言

[千里马 @24353138]

@giantcutie666 就是贝莱德这种大机构在砸盘

[千里马 @24353138]

@0xBTCZhangSir 就等着你绝望，你绝望的时候就到底了

[千里马 @24353138]

@_FORAB 只有它暴雷了，可能才是进场买比特币的时候

[千里马 @24353138]

https://t.co/zGhajy3iEo

[千里马 @24353138]

@wudige116688 @xiaojiejie2002 确实能申请，有人专门做这个生意，只是你不知道而已

[千里马 @24353138]

@Miaomiao_12z 骚B确实长得好看

[千里马 @24353138]

@VMatador @oxpsats 我102K砍掉之后就再也没买国比特币，一直等再次探底

[千里马 @24353138]

@oxpsats 在快餐式娱乐泛滥的今天，用慢下来的真诚击中每一颗心。让人想起从前车马慢，一生只够爱一人的纯粹。用最朴素的方言和故事，治愈了被快节奏裹挟的 精神内耗 。

[千里马 @24353138]

@luoyonghao 到底是不是龙哥本人？

[千里马 @24353138]

@oxpsats 第二次逼仓

[千里马 @24353138]

@realGuanYu 还远远没有到彻底绝望的时候，市场就不会到底