BTC.XLooks like a bit of selling from Saylor to signal to $SPDR S&P 500 ETF Trust(SPY)$ that $Strategy(MSTR)$ is ready for the next move. No offense to the crypto crowd, but it feels like we could be in for a rally.
$Strategy(MSTR)$ It's got a long way to go back up. I bought more shares down here and I can wait it out until I make a profit. It seems straightforward enough.
$Strategy(MSTR)$ MSTR essentially functions like a closed-end fund, and most of them use about one-third leverage. The typical approach to buying CEFs is twofold: first, when you believe the underlying assets have bottomed, and second, when the share price trades at a significant discount to the net asset value per share. That's essentially what the figures below indicate. Last week, MSTR hit a 43% discount to its assets at the $81 price level, which is quite extreme. Purchasing at a discount means you're acquiring more assets per share than the current price reflects, offering a higher level of protection. Even if the asset value declines, you own them at a much lower cost. Currently, the discount implies you own the assets at roughly 27% be