"Tried to tell you guys but you'd rather watch me burn at $16k."
Microstrategy has done it; they've broken the system.
Infinite money glitch unlocked.
No one can compete with this.
When I heard the news that MSTR has reached all time highs today I honestly did not believe it. I had to see it for myself. WoW. Awesome. That chart is absolutely ridiculous. Congratulations and well done.
Bitcoin has taken this Nothing-Burger of a company and completely turned it around in a single four-year cycle. In fact we can see on the chart that even at the bottom of the 2022 bear market their stock price was still higher than it was pre-adoption... which is actually insane to me.
This is a company in which Saylor has led for its entire existence; something that rarely happens in the world of CEOs. While it is true that Saylor technically stepped down in summer 2022 while disgruntled bears celebrated his demise... he is still very much the face of the company and completely in charge of their Bitcoin strategy... and let's be real their Bitcoin strategy is literally all this company has going for them. What else do they do? Nobody knows and nobody cares; their actual business isn't really profitable or interesting.
The ultimate Bitcoin proxy.
MSTR owns more Bitcoin than any other entity will ever own... which is extremely embarrassing for companies that have been here all along like Coinbase and friends. Saylor was the only guy with the balls to go all in on BTC because his company was on its last legs and the only option was to roll over and die or throw a Hail Mary. This particular touchdown ended up being worth billions.
Many will say this or that nonsense like Blackrock already has more than MSTR. They don't. Blackrock is a custodian and they owe all that BTC out to their clients. Blackrock hardly owns any BTC compared to saylor. Custody and ownership are two very different things that get muddled within the crypto world due to the not-your-key-not-your-crypto mantra.
Saylor's holdings.
Many don't realize this but Michael owns 10% of MSTR. That's TWENTY MILLION shares. On paper today Saylor is worth $6.8B and that's just shares of MSTR. That doesn't count any other holdings, including Bitcoin. Dude is about to go down in history as the most responsible, lucky, and zealous degen that ever degenned.
Other companies are starting to get a taste of the greed.
At some point this dynamic will simply be too big to ignore. Everyone will be wondering if they should set up a Bitcoin reserve as well to capitalize on these absurd gains. After all if it ends up being wildly profitable after four years no matter what... how can one possibly lose? The only problem is conviction and belief in the strategy; something that only Saylor has achieved on the macro level.
A need-to-know asset
Saylor has many famous quotes.
Many of them batshit crazy and manic.
Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
However Saylor has also been quoted as explaining why Bitcoin is a need-to-know asset. This confusing term doesn't imply that everyone needs to know about Bitcoin, but rather that Bitcoin is for people who need it the most. Those who do not need it will inevitably not understand it and defer to their peers who do also not understand it.
This is true on a personal level as well. Why did I get into crypto? Because I was an anarchist on a political level and because I was poor on a financial level. Bitcoin somewhat solves both of those issues. Now I am... less poor! Still need more anarchy though. Baby steps.
The infinite money glitch.
Many are calling Saylor's strategy the infinite money glitch. He borrows USD for dirt cheap and rolls that into Bitcoin. The gain is doubled by proxy on the MSTR stock side. However it should be obvious to any rational person that there's no such thing as an infinite money glitch. That is literal shitcoin logic, and MSTR is very much a shitcoin at this point. Don't be surprised if it crashes 99% in the bear market even while holding a massive Bitcoin bag.
There is no rule that states that MSTR market cap won't fall under their Bitcoin holdings (NAV: net asset value). Many are wrongfully assuming that it's not possible for MSTR to fall under the NAV, as if MSTR would be willing to sell Bitcoin to buyback the stonk. They're already very much on record as saying something like that is not going to happen. There is no peg here other than delusion. Trade carefully.
Conclusion
If anyone had guessed a couple years back that MSTR would have flipped the DOTCOM bubble before 2025 they would have been labeled a delusional moonboy. Ah yes, well, it happened. Today. This milestone serves as foreshadow of what is to come. Many will sell their bags early this time as they compare this run to 2021. Personally I plan on making it one more year to next November before I make any big moves. Stick to the plan.