@fox738
$MSTR’s sell off generally coincides with the launch of $STRC.
The market is longing $STRC, shorting $MSTR.
This trade continues until $MSTR trades below 1X mNAV.
Once it does,
@saylor
will announce that he’s using pref proceeds to buy $MSTR stock (further increasing BTC/share).
The result?
Rising BTC/share regardless of the equity condition.
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