Davide
@0xdavide
🚨The turbulence on the stock market (in bubble) which also has repercussions (in leverage) on the crypto sector, sees among the main players with a big decline MSTR: the stock of Strategy by Michael Saylor (which lost 17%). MSTR is as if it were leveraged on BTC: both upwards and downwards (due to the issuance of debt with which the company buys BTC and this also pumps up the price of MSTR). The average load price is between 62k and 66,400$. Below this price, the company goes into loss and whoever wants to redeem would ask for "liquidity" and not MSTR shares. Going below this price does NOT mean that Strategy goes bankrupt or in crisis but simply into loss. However, if they have liquidity there would be no problems anyway.
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Davide
@0xdavide
2024 trend of SPY, NVDA, MSTR and BTC:
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