BTC Slide Tests MSTR’s ‘Digital Central Bank’ Thesis
TL;DR
Bitcoin’s price slipping below Strategy’s average cost basis near $76,000 creates a near-term psychological hurdle for the stock, but the piece argues this is a structural reset rather than a disaster. Strategy has a modular capital stack—issuing stock above NAV and a suite of perpetual preferreds (STRC, STRF, STRK, STRD)—plus about $2.25 billion in cash, which cushions dilution and funds ongoing Bitcoin acquisitions. With a Strong Buy consensus and substantial upside if crypto recovers, the long-term bull case remains intact despite near-term volatility.
- ‘Moment on Truth’ Arrives for Strategy Stock (MSTR) as Bitcoin Plunges TipRanks
- Strategy’s Michael Saylor Posts Four-Letter Response to Selloff The Wall Street Journal
- Strategy Posts $12.4B Loss as Bitcoin Falls Below Cost Basis Yahoo Finance
- Saylor’s Crypto Project Pounded After $12.4 Billion Loss bloomberg.com
- Strategy Slides Even Further on Earnings Miss After Dismal Day Barron's
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