Strategy Stock (MSTR)

Upside – $MEDS +30% (litigation settlement is expected to extinguish about $19 million of liabilities and retire 364,099 shares) – $USDE +17%, $PURR +7.0%, $MSTR +2.8%, $HOOD +2.2% (crypto and tokenization-linked stocks rise as Bitcoin rallies and regulators grant temporary relief for tokenized U.S. stock trading) – $STUB +6.0% (Citi upgrades to Buy from Neutral) …

Surprise #4: Market structure, so positive an influence in 2023-25 begins to weigh on equities after a clear change in market momentum leads to a deleveraging in the leveraged, passive and quantitative equity fund worlds With so many positioned on the same side of the (bullish) boat, retail investors begin to liquidate from equity funds – …

Riddle me this, Bitcoiners: To give you a sense of how bad an asset allocator Strategy’s ($MSTR) Michael Saylor is… he started buying Bitcoin at $11,000. The current price is $60,000 but he has an unrealized loss of over $15 billion. Position: None

*Anyone who has observed the market’s spectacular intraday volatility and outsized daily swings over the last several weeks should realize that something is amiss — the market is not behaving normally, it seems destabilized. * The proliferation, popularity and acceptance of leverage products and portfolio concentration in quantitative strategies, margin debt, the options market and …

I call B.S. to Strategy’s CEO touting $MSTR on CNBC yesterday and then announcing sale of over $11 million in shares: Position: None