@infraa_@hillery_dan Management didn’t defended the peg. MSTR shareholders continue to take a beating for over a year with nothing positive to show for it. BPS increased (but shareholders have no claim on that btc) and stock price down like 70% from ATH with no sign of returning to ATH.
@CJ_Bitcoin@phongle@saylor why didn’t you defend the peg? MSTR retail has not really had positive news in over a year. Management isn’t even buying MSTR on the open market at these prices…
@hillery_dan We should build the btc stockpile until 2034, then MSTR should begin its scarce run. They should aim to keep enough shares to satisfy the indices, but start buying back MSTR + adding btc with strc
My 80iq take: I think they need to sell high cost btc to refill the cash reserves. They need to work on retiring the converts next. Clear the balance sheet of any “perceived” risk and move on. Strive has silenced everyone with their basically $0 debt. The market spoke, and that’s all they care about imo.