$BTC weekly chart. Price bounced perfectly off of the 50 week moving average. Maybe a reverse head and shoulders is in play. https://t.co/5GuMeRWj6P
When $STRC gets back to par $MSTR is going to interesting FAST. 12 cents away. PUSH.
$STRC is ascending pretty fast today. Is this the week it finally hits par and management stops dumping cash reserves into buying it back?
$MSTR earnings. Tune in.
$MSTR earning call.
Interesting reaction to earnings this week. $INTC is down nearly 17% after weak guidance. $GOOGL is down around 10% after hours. $NOW is off almost 18%, $FTNT is down 25%, and $MRVL is down nearly 9%. The market is starting to separate AI demand from AI profits. Billions are flowing into infrastructure, but investors want to know who earns an adequate return on all that spending. Revenue growth isn’t enough if margins disappoint, cash flow gets squeezed, or guidance misses expectations.
$STRC 11 cents from par. IT COULD GO ALL THE WAY
@Strategy reports earnings tonight. $STRC is trading within 20 cents of its $100 par value this morning. Last week alone, Strategy bought back 2.07M shares for $204.9M. Over the last 14 reporting periods, the total is roughly $2B. Three questions I want answered tonight: 1. What happens to the common stock ATM? Last cycle, Strategy issued a ton of new common shares to fund Bitcoin purchases. That diluted existing shareholders. With 848,517 BTC and over 4% of the eventual supply, does management intend to ease off the ATM when the mNAV recovers and let the premium rebuild? 2. Can $STRC sustain its bid without buybacks? Strategy has been a major buyer of its own preferred stock. How much of the current price support comes from that demand, and what happens when those repurchases slow or stop? What makes investors keep buying near par? 3. How will capital be allocated from here? When does buying more Bitcoin take priority over repurchasing $STRC or $MSTR? What specific conditions determine which use of capital creates the most value per share? Strategy has built an enormous Bitcoin position. Now I want to hear how they plan to manage the capital structure without sacrificing long-term value for common shareholders. @saylor @phongle @CJ_Bitcoin
The minute you start thinking a bigger pullback might be coming and you sell some covered calls on your $IBIT or $MSTR positions… BOOM!! Bitcoin rallies 20% in a week.