I think I get it now: 1. Run common ATM even at low mNAV, buy BTC 2. The BTC boosts the credit rating of preferreds 3. Better credit rating allows $MSTR to Issue more preferreds, which are super accretive to BTC/share

As a long-term $MSTR investor, I don't really mind the dilution.

Bears: There are no more willing buyers of $MSTR, they will be forced to sell their BTC! Strategy: Buys 10,624 bitcoins in one week using the common ATM

Bears: There are no more willing buyers of $MSTR, they will be forced to sell their BTC! Strategy: Buys 10,624bitcoins in one week using the common ATM

You have to experience FSD to believe it

$MSTR stands for monster

"If you don't work when you don't want to work, you're not going to be able to work when you do want to work"

Strategy is throwing everything, including the kitchen sink, at common, but shares are still higher. $MSTR has likely already bottomed, IMO.

Jack Mallers: $XXI is not a Bitcoin treasury company, \*moves 43,000 bitcoins out of escrow\* Me:

$MSTR heavily diluted common shares over the past few weeks, but mNAV seems to have bottomed around 1.15x. It looks to be trending higher now.

Last week, $MSTR ran the ATM hard at \~1.15x mNAV and bought 10,000 bitcoins. The market responded positively (mNAV increased). What is stopping them from buying 10,000 more this week?

Motivations are unclear given the low mNAV, but $MSTR's purchase of 10,624 BTC boosted the credit quality of its preferreds $STRF, $STRC, $STRE, $STRK, and $STRD.

$MSTR bought 10,624 bitcoins that may or may not be accretive to BTC per share. I'm not sure of management's motivations, but the market seems to like it.

$Bitcoin $89,827.10 is a gift. Merry Christmas.

Last week, $MSTR single-handedly dashed 10,624 dreams of ever owning a whole Bitcoin.

$MSTR I'm confused. Last week's ATM actions were (very slightly) destructive to BTC/share, according to my charts.

$MSTR ZIGS WHEN YOU THINK THEY ARE GONNA ZAG

$MSTR I'm confused. Last week's ATM actions were destructive to BTC/share, according to my charts.

This makes no sense to me. Why would Strategy raise money using $STRD at a 12.6% effective yield when they could raise money using $STRF at 9.2%?