💀 Michael Saylor STRC Bitcoin Dilemma
Strategy holds 4.2% of all Bitcoin in existence, and I walk through why that concentration is now a liability rather than a strength. CryptoQuant's data puts the market-to-net-asset-value ratio at 0.76, meaning full dilution is quietly destroying 24% of value per coin acquired, and the leverage built into MSTR means a Bitcoin drop to levels as ordinary as $45,000 could push the stock down more than 90% from its peak. Whether Saylor can keep buying, or is forced into the opposite trade, is the question this video builds toward.
▶ https://www.youtube.com/watch?v=zmm_4txsCeM
https://the-bitcoin-strategy.com/r/FbNBD79O
Strategy holds 4.2% of all Bitcoin in existence, and I walk through why that concentration is now a liability rather than a strength. CryptoQuant's data puts the market-to-net-asset-value ratio at 0.76, meaning full dilution is quietly destroying 24% of value per coin acquired, and the leverage built into MSTR means a Bitcoin drop to levels as ordinary as $45,000 could push the stock down more than 90% from its peak. Whether Saylor can keep buying, or is forced into the opposite trade, is the question this video builds toward.
▶ https://www.youtube.com/watch?v=zmm_4txsCeM
https://the-bitcoin-strategy.com/r/FbNBD79O
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