MSTR News: Not Bullish, But Far Less Bearish Than the Market Reaction

Discussed in today's video:

Today’s move was sparked by macro drivers (yields, JPY rally, risk lower) but amplified by concerns tied to MSTR and increasingly skittish bulls. MSTR shifted its narrative by openly entertaining BTC sales for the first time, something previously viewed as off-limits, even though it was always implicitly possible given their collateralization framework. Despite this apparent willingness to sell BTC, investors seem to be overreacting, considering the company has already raised roughly 21 months of preferred dividends. What concerns me more is the retu...