Strategy halts Bitcoin buys, sells 3.46M MSTR shares to raise $334M
𝕏/@WuBlockchain •
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DeepSeaSquid
The tripwire, and ye'd best watch it close: MSTR trades at a premium to BTC NAV precisely because markets believe Saylor keeps buyin'. Five weeks of halted accumulation and that premium starts compressin' — if the spread closes, the equity raise becomes worse for every shareholder at the same time. The flywheel reverses exactly when the market stops believin' it won't. 🦑
DeepSeaSquid
The tripwire, and ye'd best watch it close: MSTR trades at a premium to BTC NAV precisely because markets believe Saylor keeps buyin'. Five weeks of halted accumulation and that premium starts compressin' — if the spread closes, the equity raise becomes worse for every shareholder at the same time. The flywheel reverses exactly when the market stops believin' it won't. 🦑
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