This sentence ironically applies to MSTR as well.

There is no second best.

This sentence ironically applies to MSTR as well.

MSTR’s position is at a low ebb. The number of Bitcoin it has, its reputation, how it is financed, and the company’s revenue model and financial situation.

MSTR is, after all, just a company that is audited by the SEC and pays its employees monthly. Can the employees there work their minds? Is there anyone else who wants to? There are less than 2,000 employees, can you handle the market capitalization of 100B? How does MSTR manage Bitcoin? How does it work on accounting audits? What is the relationship between the board of directors and Sailor? Does Sailor have political influence and lobby?

If the market changes direction, everyone will mock and deny Michael Saylor. No, you’ll want to go bankrupt, not ridicule, and MSTR is a very good prey and vulnerable. Companies or individuals who are serious about Bitcoin will want to do so even more.

No matter how much I think about it, 49k is too high for a company with no profit. Now, MSTR is evaluated three times the market capitalization of Bitcoin held, but at the bottom of the 2022 downtrend, it was traded at a market capitalization of about 40% of Bitcoin held. At that time, I had mining stocks centered on CLSK, and I was buying Bitcoin from FTx through Tron, and passing over 1 million won each to put it in Cold Wallat, but I couldn’t contain MSTR. The current rapid rise may be worked on in advance in the big picture.

Michael Saylor seems to know the contradiction of this existence. But he needs to complete the spread of the gospel of Bitcoin. It’s a lonely road, but it’s his destiny. In that sense, he deserves respect.

tslaaftermarket

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