Saylor has more USD reserves than ever Yet $STRC trading at semi-distressed levels still People, meanwhile, will have continuously told you that all was fine But clearly confidence was breached mid-May wen they randomly depleted usd reserves to buy back some 2029 maturity (for no good reason at all) Bad capital allocation decision which led to billions of dollars of loss for shareholders within weeks; totally unnecessarily [while team & board were max dumping options & RSUs during the retrace] It’ll take a while to regain full trust That being said, slightly more reasonable decisions been taken by Strategy team past few weeks than prior 5-6 weeks But still no evidence of good capital allo ofc — Btw as a big BTC believer, I don’t enjoy someone tying a failing junk bond to the image of Bitcoin Ofc anyone can do what they want so it’s fine I just wouldn’t go out of my way to support such obvious capital mismanagement, let alone with horrendous AI slop marketing tied to it