RelicVision

The ultimate cheat code for the future is buried in the past.

[RelicVision @Relic_Vision]

Next Monday $MSTR holders will find out that the June 30th preferred dividend bill came in at $218M, paid by new share issuance and owning less BTC/share.

At what point will holders figure out that this is just a very expensive way to own Bitcoin exposure and stop overpaying?

[RelicVision @Relic_Vision]

@kevinlhr88 $SATA clearly overvalued.

Daily dividends are psychologically powerful, but don’t add real value over less frequent payouts.

Much smaller in size than $STRC, which helps to find the necessary capital bidding it up to par.

[RelicVision @Relic_Vision]

$STRC is having a terrible day today.

After steadily climbing back up, it got sharply rejected from $90 level on a day where $BTC and $MSTR are solidly green.

Risk remains high, while upside is limited.

[RelicVision @Relic_Vision]

Still following the 2018 bear market fractal.

A rally back into the high 60s is likely now.

Late shorts getting squeezed.
You don’t want to have bearish bets open when everyone else has.

[RelicVision @Relic_Vision]

@CryptoKaleo Don’t think this will age well in the short-term.

50d ago we were at 82k and the bulls were screaming higher.

Now we are at 58k and the bears are screaming lower.

The market tends to go the other way.

[RelicVision @Relic_Vision]

@BMNRTracker There are several reasons why buybacks are not attractive to management:
- management bonuses tied to market cap
- index inclusion
- trading liquidity of the stock
- need cash for 5% target

Essentially, size is more important than ETH/share.

[RelicVision @Relic_Vision]

@CryptoKaleo If BTC collapses, yes.
If BTC rallies it could move back up quickly.

It’s just a BTC proxy at this point.

[RelicVision @Relic_Vision]

@BigpictureBTC Not sure I understand. $STRC would be expected to open $0.48 lower, that's about it.
Rest is tied to sentiment, BTC price action and market volatility.

[RelicVision @Relic_Vision]

@TheOtherParker_ The time to close shorts was on Friday.

[RelicVision @Relic_Vision]

@BigpictureBTC It's not about you and me. It's about the people invested in the company or thinking about doing so.

If they think the news today was positive, the price goes up. And that's what's happening.

[RelicVision @Relic_Vision]

Saylor managed successfully to kick the can down the road.

While the fundamental situation hasn't improved for $MSTR holders, public perception is more important in the short term.

This provides breathing room for a BTC rally and late shorts getting squeezed.

[RelicVision @Relic_Vision]

@BigpictureBTC The dividend is $0.48.

$STRC has been moving multiples of that in a single day based on sentiment, trust in the company and BTC price action.

[RelicVision @Relic_Vision]

@StrategyMaxi Don’t hate me, I‘m just the messenger.

On the positive side, given how resilient $BTC has been despite the drama, there could be a relief rally soon, pushing $MSTR back above $100.

[RelicVision @Relic_Vision]

@TheOtherParker_ 1) They sold 12,669,017 shares for $90.96 avg and added the cash to the USD reserve.
2) They upped STRC div yield to 12%.

This is the news.
The rest is talk what they could do in the future.

[RelicVision @Relic_Vision]

@BigpictureBTC Selling 12.7M common stock at $90 avg for cash.

Aligns well with the deep state thesis. Raise as much cash as possible, reassure preferred holders to potentially sell more preferred, retire debt and buy more BTC.

[RelicVision @Relic_Vision]

@StrategyMaxi He just sold 12.7M common stock to raise cash.

It's just a way to defend against short sellers pushing the price down further.

[RelicVision @Relic_Vision]

@ZynxBTC Good news for $STRC holders.
Bad news for $MSTR holders.

$MSTR holders get diluted to satisfy preferred holders.