Now's a good time to short Micro Strategy. Be careful shorting Micro Strategy, folks. That one can really bite you in the you know what. You got to be very careful.
I just bought MSTR. Bitcoin has been on the move a bit lately, and in the chat they said: "Why don't we look at MSTR?" What a great level that seemed to be, down there around 84-85 dollars.
A nice small rise, but then it ran into a small problem.
do you ever look at MSTR in comparison to IBIT or crypto itself? And I don't like MSTR either because I think it is a defective product. Why would you pay someone else to buy Bitcoin for you?
It doesn't work, and there is mismanagement: selling at the absolute low and then buying again when the price rises.
Well, let's have a look at uh Bitcoin and Micro Strategy and some other treasuries.
Treasury our micro strategy. The treasury company acquires 1665 Bitcoin and put bought back 152 million invest.
Remember, they have 6 billion in a cash bag to give people confidence that they'll get their dividend on STRC. First of all, Micro Strategy is back. When they sold a little bit of Bitcoin, the market freaked out again.
Micro Strategy they bought Bitcoin but how do they fund it and also Wall Street what is Wall Street doing?
Are you looking at a microstrategy chart versus Tesla at this stage of the cycle, or has the opportunity passed? You know, microstrategy and Tesla, a pair.
I have been heavily investing in MicroStrategy since September 2020. My third video ever was specifically about an options trade on MicroStrategy.
Macro,
Micro Strategy, interesting thing. I said, watch it. I said Sailor's not ATMing. He did an ATM last week. He did an ATM this week, which is great news.
Now there is something concerning here because this is a proxy and the markets are closed from Bitcoin's on a rampage and that was on a rampage Sunday night. We have a gap. This is the gap here.
Now typically nonproxies gaps tend to fill. So we have that gap here of about 10 bucks between 153 and 164 10 or $11. Will that fill again? I don't know. I don't think so. Maybe if Bitcoin goes back down to 82K, yes, it will fill.
But we don't know if Bitcoin's going to do that. But either way, this has been very very strong.
I think Circle, HOD, Hood, Robin Hood, MSTR, not too interesting in MSTR, my take, but I, you know, it's something I'm watching closely, looking for a reason to get in whether long or short.
MicroStrategy made its first cumulative purchase in months, which is also great news.
Now, we return to Michael Saylor. They bought 950 Bitcoins. So it wasn't a huge amount, but the good news is that Michael Saylor didn't sell shares through the financing program, and that's great.
This is excellent for the price movement of " MicroStrategy" stock.
