$MSTR has enough cash to pay pref dividends for 32 months without needing to raise another dime. Dividend payments are effectively assured in the near term.
$MSTR posted six consecutive down months, its longest losing streak since adopting Bitcoin. A true test of conviction, in my view. The price action was necessary to shake out the lettuce hands/tourists, of which there were a lot from late 2024.
The breakeven point (cost basis) of $MSTR's bitcoin is $75K. Bitcoin has fallen below this level in the past, and nothing happened. Strategy just kept buying more.
Tomorrow is Warren Buffett's last day as CEO of Berkshire. He leaves the company with $382B in cash. A giant melting ice cube. I remain hopeful that the new management understands #Bitcoin.
$MSTR leverage ratio ("amplification") has moved higher, implying greater upside as BTC recovers. However, leverage still remains below the historical average.
2026 looks bright for #Bitcoin after this year's major developments: -Trump inaugurated; Bitcoin universally supported by administration -U.S. Strategic Bitcoin Reserve created -$25B+ IBIT inflows -U.S. passed the GENIUS Act -In-kind redemption of spot ETFs approved -Approval of