MSTR’s earnings came out on May 1. My morning media stops last Thursday (here and here) asked for an overview. We are not talking about stocks, so I planned to zoom in and hit themes. By preparing, I had to delete the Red reflexes This MSTR is triggered.
MSTR, of course, is the symbol of microstrate ticker or strategy, as the company is now known. The strategy, led by Michael Saylor, was the pioneer of the “Bitcoin Treasury” model which was copied by Metaplanet and dozens of other companies. The strategy plans to raise $ 84 billion, according to its last announcement, through actions and fixed income instruments.
Here are three questions:
1 and 1 Gains?
The “benefits” and the “price targets” of MSTR are … Well, they don’t really mean the same thing, especially once the effect of the ASC 2023-08 is remote. It’s just the price of bitcoin and financing, simple and simple. Wall Street analysts and experts should do things well.
2 Strategy?
You can’t just say, “Strategy. “You must say,”Strategy; You know, it was before microstrategy“Like Prince, Puff Daddy, Kanye West and Twitter. NB: people already say” the strategy “(little” s “).
3 and 3 Don’t be a hateful?
The MSTR takes charge of a market capitalization of $ 107 billion with Bitcoin Holdings of $ 53 billion and good will with laser eyes. No rescue canoe, no parachute, no apparent plan B. If he fails, the Bitcoin market could blame.
Notwithstanding these slowdowns (and obsequious media coverage), we can only agree:
– Capital increases are really great. The strength is strong in it.
– MSTR increased by 36% over the year, against less than 5% for Bitcoin. Who am I to throw stones?
– MSTR intelligently uses the volatility of equity prices as a functionality, not a bug, for 1) to issue attractive converts, 2) attract the volume of options listed and 3) the “yield” strategies of the company. (Please stop calling the sale of “performance strategy” options. And I said “strategy” again. Small “S”.)
– The favorites (STRK and STRF) struck the brand with people who love the favorites. Some of my favorite friends are struck.
MSTR has created a movement
The strategy (Big “S”) has not only created a movement, but a category. The FNB MSTR LEVERED (including this one which pays “income”) serves the market for which the 70 flight of MSTR is dull. Grayscale announced an ETF which follows 30 companies which hold at least 100 bitcoin.
Finally, but not the least, Cantor Equity Partners, a Spac, merges to form twenty-one capital, which will hold $ 3 billion in Bitcoin. Mention this trend in a room full of experts and they will cry “Gamesop!” in unison. It’s fun.
Everything is fine. The addition of bitcoin to the treasury of non -crypto * societies is an interesting trend. (And that does not include cryptocurrency companies, such as the parent company of Coindesk, Bullish.)
But it’s just Bitcoin right now.
American exceptionalism (Bitcoin)
Despite the relaxation of American regulatory zip-ties on digital assets and the recent wave of ETF deposits, Bitcoin still dominates the conversation (it still represents around two thirds of the total cryptocurrency market).
Again, it is well if we are talking about a reserve assets of values contributing to a business treasure otherwise allocated to species and treasury bills. However, the growing number of flavors of the Bitcoin – Effect, Optionality, Protection, Protection – Savers – take the place of education on what other blockchain assets hope to deliver and why it is important to spend more time thinking about the asset class.
Until recently, this was unsuccessful for many investors and advisers, because the implementation of brokerage accounts or in the long term was not available. (Of course, it’s for ETH, but you need more than ETH to think about the “digital asset class”.
If 2024 was the “outing” year of Bitcoin, we hope that 2025 would offer investors and merchants of opportunities to think more deeply and more broadly, and to implement accordingly. Otherwise, the investment account of American cryptography will begin to look like a “maximum bitcoin”, and it looks like money on the table.
