Before he died, Billy Graham was returning to Charlotte after a speaking engagement and when his plane arrived there was a limousine waiting to transport him to his home. As he prepared to get into the limo, he stopped and spoke to the driver .
"You know," he said, "I am 87 years old and I have never driven a limousine. Would you mind if I drove it for a while?"The driver said, "No problem. Be my guest!"
Billy gets into the driver's seat and they head off down the highway. A short distance away sat a rookie State Trooper operating his first speed trap.The long black limo went by him doing 70 in a 55 mph zone. The trooper pulled out and easily caught the limo and he got out of his patrol car to begin the procedure.
The young trooper walked up to the driver's door and when the glass was rolled down, he was surprised to see who was driving.
He immediately excused himself and went back to his car and called his supervisor.
He told the supervisor, "I know we are supposed to enforce the law, but I also know that important people are given certain courtesies. I need to know what I should do because I have stopped a very important person."
The supervisor asked, "Is it the governor?" The young trooper said, "No, he's more important than that." The supervisor said, "Oh, so it's the president." The young trooper said, "No, he's even more important than that."
The supervisor finally asked, "Well then, who is it?"The young trooper said...
"I think it's Jesus, because he's got Billy Graham for a chauffeur!"
Hey, $MSTR doesnโt have a dilution problem โ it has a dilution PERCEPTION problem.
0.00xxx BTC/share means nothing to human brains.
But this does:
1,700 shares per Bitcoin โ 500 shares per Bitcoin.
Same dilution math. Totally different understanding and PERCEPTION.
If a metric canโt be reconstructed, it will always be mispriced. @PunterJeff@tnorth
Response to MSCI Index Matter
Strategy is not a fund, not a trust, and not a holding company. Weโre a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.
This year alone, weโve completed five public offerings of digital credit securitiesโ $STRK, $STRF, $STRD, $STRC, and $STRE โrepresenting over $7.7 billion in notional value. We also launched Stretch ($STRC), a revolutionary Bitcoin-backed treasury credit instrument that provides variable monthly USD yield to institutional and retail investors.
Funds and trusts passively hold assets. Holding companies sit on investments. We create, structure, issue, and operate. Our team is building a new kind of enterpriseโa Bitcoin-backed structured finance company with the ability to innovate in both capital markets and software.
No passive vehicle or holding company could do what weโre doing.
Index classification doesn't define us. Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the worldโs first digital monetary institution on a foundation of sound money and financial innovation.
JUST IN: $41 Billion Wisconsin Investment Board just increased its position in Strategy $MSTR by $2 million.
Now holding 132,202 shares worth over $45.4 million.
๐จ BREAKING: Howard Lutnick reveals he will now seek to have the United States federal government OWN a portion of the patents currently owned by universities as a result of new inventions.
"If we give them the money, don't you think it's fair the USA and taxpayers who funded it get a piece of that?"
"We give tens, if not hundreds of billions to universities for them to do research. They invent things. You know who owns those patents? The universities. We are going to make a deal with them all."
In October, nobody will be talking about this $MSTR mNAV guidance revision.
Perhaps as early as next week.
Stagnation leads to capitulation. Similar vibes to last summer.
Screenshot image From March 27th 2024 - August 18th 2024 below
I remember vividly
"Saylor killed the stock"
"Saylor sold 400,000 shares"
"The stock is never going back to ATH"
"The $2B ATM issuance is insane"
"Too leveraged from converts"
"Index inclusion will never happen"
Strategy had also filed a $2B ATM plan on 8/1/24.
On August 18th, 2024, $MSTR was down 37% from it's ATH close earlier in March, while BTC / share (BTC yield) was effectively flat. The bears were dunking on $MSTR HEAVILY.
On August 18th, 2025, $MSTR is down 23% from it's ATH close in November 2024, while BTC / share (BTC yield) is up 50%, AND with NEW wildly successful preferred equity instruments to defend mNAV, add on intelligent leverage with zero maturity.
Summer 2024 was also chock full of bears, just as there are today. Feels eerily similar, with the exception that @JoshMandell6 only had about 4,000 followers back then....
- Saylor sold 400,000 shares (4M split adjusted)
- $750M ATM in Feb on an $8B market cap
- $MSTR is dead because of the Bitcoin ETF's
- $2B ATM in August '24
- $QQQ inclusion will never happen
- 1x mNAV Ponzi bears etc
If an advantageous optionality revision to mNAV ATM guidance on a FIRST OF ITS KIND capital program is the straw the breaks the camels back here, I can't help you.
JUST IN: Billionaires Cameron & Tyler Winklevoss invest in American Bitcoin Corp โ a mining & #Bitcoin treasury company co-founded by Eric & Donald Trump Jr.
The Bitcoin 100 โ The Top Public Bitcoin Treasury Companies (as of August 16, 2025)
In the last 7 days:
โฌ 13 companies increased their holdings:
The top 100 public companies jointly hold 975,475 BTC.
๐ Keep reading for more details