Why should anyone be surprised? These are all fake organisations with no intrinsic value. They don't produce anything of any value. They don't offer any service of any worth. The only thing that drives any perceived value are the greed of people who push up the prices only hoping to offload them at the optimum prices to any sucker that is stupid enough to believe the hype that Crypto's will always appreciate in value.

This shows they don't have cash to pay. 

Sell shares to raise dollars to pay dividends? How is this allowed? You are supposed to pay dividends from profits from trading or business operations. How is this not a ponzi?

A repeated posting but worth re-reading. A greater financial shenanigan is hard to find.  Ponzi in a nutshell is what Peter Schiff calls it. Some argue against this term but how do you explain issuing shares to pay dividends to old shareholders? 

It was a fool's run to begin with. A financial sleight of hands to make money out of nothing. Many old hands have been warning about this strategy (no pun intended) for a very long time. Everything is now being revealed as Cryptocurrency face their longest winter.

Not unexpected to see this sell-off. The bubble has been waiting to pop for some time now. But for Strategy, it has been losing air for some time now.  One thing though. When you see the memers stampede out as you are seeing now, it will usually be very overdone.  This may be the time to pick up the baby that has been thrown out with the bath water? Just make sure you buy at the price you are comfortable to hold at.

Bitcoin starting the week down 4% is not good. Especially when many of the promoters were calling an end to the bubble fear just last Friday. And all the talk about short squeeze, with the main short party being JP Morgan. How is that encouraging? JP Morgan is not someone you want to start a fight with.

Hmmn. Looks like the trap that has been called out about Crypto may be happening.  Be careful out there.

But it very quickly gave it all back.... and more. To close in the red.  This is typical of a meme driven stock.

SP100 inclusion no longer in play with MSCI exclusion to be confirmed in January. This together with the bear momentum for Bitcoin means the value for Strategy is limited to it's possible $500m value (again this is not proven is subjective), plus whatever it's holdings of Bitcoin value eventually falls to.  On top of this, Strategy has got just too much debts, with it's treasury of Bitcoin being the sole collateral. There is just too many uncertainty and risks at the moment. Why would anyone put a premium on MSTR right now?

A very well written article. In summary, the author is calling Strategy exactly what it is. A ponzi house of cards. One doomed to fail. And when it does, it is going to start an avalanche for the whole market. 

Perhaps we should follow the smart money. These guys have exited the carousel, before the music ends.....

Watch what the impact will be on MSTR at their next quarter report if Bitcoin does not recover soon. It was be seismic.  Under accounting rules, the fair value of asetts must be recognised. What was profit before may now be completely reversed. All in one quarterly report.  This is the reason why MSTI and SP100 are relooking at what companies listed are allowed to carry as asetts in order to stay listed. Companies whose assets are too much weighted in cryptocurrencies may be excluded from listing.

These are pretty complicated actions that should not be e taken at face value. Whist it is true "dividends" are being issued, it should be noted that these "dividends" will require the holders to put in more cash to convert them.  And all the prices set for conversion are presently Out of the money and can only be consdered beneficial to holders only if Open share prices goes higher than $9 (for the first trench).  So effectively, what is being asked is for holders to hold and not sell if they want to realise value of their "dividends".