Strategy common holders have been endlessly abused and diluted so Michael Saylor can keep his Ponzi afloat and avoid selling bitcoin, with the company issuing MSTR shares to raise USD cash. x.com 

Strategy's premium looks exposed now that its 'never sell Bitcoin' story is retired. Selling 32 of 843,706 BTC is a rounding error, but it reveals a structured, dividend-driven mechanism to liquidate BTC when preferred stock obligations require it. Strategy has five preferred series, some paying 10-11.5%, and those payments don't care what bitcoin does. Saylor's math that bitcoin need only grow 2.3% a year to cover dividends forever holds only if bitcoin cooperates. x.com 

Strategy's model of lending against bitcoin holds up because a rising reserve asset sets a hurdle for investment, not a prohibition. If bitcoin rises 20% and an enterprise turns $100 into $140, it still grows wealth in bitcoin terms by 16.7%. The hurdle also falls as bitcoin matures, like any asset whose prospective return drops as its price rises. From 2013 through 2025, simply holding bitcoin beat almost any effort, but early adoption is a poor discount rate for every future investment. x.com 

Strategy runs a Ponzi-like loop: new capital buys bitcoin, which lifts the stock and attracts more capital, while the business makes almost no organic cash flow and collapses without constant raising. It trades at a big premium to NAV, effectively selling $1 of bitcoin for $1.50, lost $12.5B in Q1 2026, and has now sold bitcoin for the first time since 2022 despite Michael Saylor's vow never to sell. Owning bitcoin itself makes more sense than owning Strategy. x.com  x.com 

Falling STRC prices raise its effective yield, increasing Strategy's dividend burden and tying the instrument to occasional Bitcoin sales despite its large holdings. Saylor is promoting STRC's 12% yield paid twice a month, and the higher it is, the faster Strategy sells Bitcoin. Replying to @Blockcastcc's report of Peter Schiff's warning that Bitcoin could fall toward $20,000, Strategy should sell everything and repay: preferred holders can be paid, but common holders would be wiped out. x.com  … Show more

Strategy is attracting some of the world's largest fund managers because they want Bitcoin exposure. Their buying supports the bullish case for MSTR as a listed vehicle for institutional Bitcoin demand. x.com 

Strategy selling bitcoin breaks the story and the brand of Michael Saylor and his company, whatever the reason. Saylor attributes the sales to capital management, but for a company built on continuously buying bitcoin and never selling, the move undercuts its core identity. x.com 

Strive's common ATM can lift long-run returns by funding bitcoin purchases at a share premium. Bitcoin is historically cheap; stacking in a bear market or before the bull market begins drives the biggest gains later. But too much weekly issuance can blunt upside, exhaust investors and cap mNAV expansion; share scarcity matters. The ATM is crucial, but caution is preferable. Cole Macro said preferreds should help keep dilution below Strategy's levels on the way up. x.com  x.com  x.com 

Daily STRC dividends advance Strategy's Bitcoin financing machine. Shareholders approved the payments, and Strategy's Bitcoin printer is unstoppable. x.com 

There is no reason to own Strategy until bitcoin has a bid, as it now solves huge problems with temporary fixes, like an emerging-market central bank. It is no longer a bitcoin buyer; crypto's $38 billion post-election buyer now carries solvency risk. Michael Saylor has repeatedly broken promises such as keeping NAV ratios and not selling bitcoin, making the equity riskier than BTC. That holds until treasury-company insolvency risk fades, rate cuts look likely and bitcoin regains appeal. x.com  … Show more