Philip
Founder & CEO of Intrinsiqq, Value & Growth Investor
Strategy missing EPS by 1,000% is not bullish, and a lower low looks like the natural next direction. Support sits at $68, then the 200-month moving average at $50. x.comÂ
Bending Spoons' equity is not a good investment at a double-digit revenue multiple. Its management may be good value investors, but paying that multiple is like buying Strategy at twice net asset value. x.com x.comÂ
Raising Strategy's STRC rate could lock common shareholders into costly dividends after sentiment improves. STRC is six times SATA's size; each 0.5-point hike costs $43m a year on existing shares, without evidence it can sustain par. Buybacks have pushed STRC toward par; as Bitcoin rises and daily payouts start, it will return to par at 12%. Reversing a hike without serious backlash may be difficult for 5-10 years. x.com x.com x.com x.com x.comÂ
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.comÂ
Crypto proxies like Strategy are trash investments. Per The Kobeissi Letter, Strategy faces its largest unrealized loss ever, -$10.8 billion or -17% on its bitcoin after six years of buying, while the S&P 500 rose 116% over the same span and Strategy's stock is down 77% from its record high. x.comÂ
Strategy and Strive are absorbing money flows from bond markets worldwide, savings accounts, dividend stocks and every other form of passive income. Strive's SATA preferred took in $21 million of bitcoin-related flows in a single day, a shift whose gravity investors should not underestimate. x.comÂ
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 isn't a buy even at about 0.8x the value of its bitcoin holdings. The discount reflects market skepticism about management, liquidity and governance, as investors price in execution risk and potential structural issues beyond the BTC exposure. x.com x.comÂ
Strategy is drawing significant dip buyers as it retests what looks like a generational support level. Morning 30-minute volume was larger than on earnings, and the recent sweep produced the largest daily dollar buy volume of the sequence, which could finally supply momentum. Prior resistance and the volume point of control from the December-January range, where the accumulation began, sit just above, and very short-term expansion off last week's close may or may not follow. x.comÂ
Strategy's share price is a bet on the next buyer, not on anything that produces cash. It filed a $20.8B net loss for the first half of 2026, an accounting fact about bitcoin's price, yet the stock rose this month. Neither produces a dollar, so investors are pricing a chain of strangers. x.comÂ