Key Takeaways
Our esteemed Mr. Saylor hath executed a bold maneuver, selling nigh upon $300 million of MSTR shares to fund his latest BTC acquisition. Alas, the stock’s price hath plummeted twice as grievously as BTC in these past days, a most curious spectacle. 📉💸
Michael Saylor, with the flair of a man who hath never met a ledger he did not adore, declared that Strategy (formerly MicroStrategy) hath procured an additional 3,081 Bitcoin [BTC], at a cost of $357 million, as if such sums were mere pocket change. 🤑
This latest conquest swells the firm’s BTC holdings to 632,457, thereby surpassing the 3% threshold of the total BTC supply. One might chuckle to recall that in early August, Saylor himself mused the firm might aim for 3-7% of BTC’s supply-a most ambitious tea-time aspiration! 🍵
Yet what is most amusing? The capital for this venture was largely raised by selling MSTR shares, a tactic that doth raise eyebrows and stir the pot of shareholder sentiment in equal measure. 🥄
According to Strategy’s recent SEC filing, a tidy sum of 875,301 MSTR shares (worth $310 million) hath been liquidated in the past seven days, a veritable feast for the market’s wolves. 🐺
MSTR Dilution or ‘Strategic’ Buys: A Most Curious Dance
The decision to employ MSTR shares for BTC purchases aligns with Saylor’s newfound ATM guidance, a strategy that hath divided opinion as sharply as a poorly timed remark at a drawing-room party. 🎩
Indeed, he hath decreed that MSTR may be used for BTC bids even when the premium (mNAV) dips below 2.5x, a move that hath drawn criticism from those who suspect a plot to dilute the stock. 🤨
Still, some analysts view this as a shrewd ploy to amass BTC through MSTR sales, a game of chess played on the market’s board. 🏁
Notably, the esteemed MSTR analyst Jeff Walton hath proclaimed that MSTR is “ripe” for S&P 500 inclusion, citing its “deep liquidity” and status as the “14th largest publicly traded equity by volume.”
“$MSTR now ranked 106th largest US company by market cap ($97.6B). Day 39 in a row of qualifying for S&P 500. 14th largest publicly traded equity by volume.”
One might inquire, however, when this long-anticipated inclusion shall transpire. The suspense is most agonizing. 🤯
BTC’s Pullback and MSTR’s Tumult: A Ballroom Mishap
Meanwhile, MSTR hath struggled to maintain its composure during BTC’s recent decline, a situation akin to a debutante tripping over her train at a ball. 😬
While BTC hath fallen over 10% from $124K to $110K, MSTR hath plummeted nearly 20% from $457 to $325-a most unbecoming spectacle. 🚨
This, one must concede, is scarcely surprising, given MSTR’s penchant for offering 2x volatility exposure to BTC. Still, the stock now lingers below its 200-day SMA, a threshold it hath steadfastly guarded since the dawn of 2025. A further BTC dip below $110K may place MSTR’s bulls in dire straits. 🐆
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2025-08-26 12:54