Funny thing about MSTR stock is that it has such a large bitcoin component.. so there are some difficult to control dynamics that reflect upon its price.
Microstrategy Price is out of control at the moment.
Enterprise value (Equity+Debt-Cash) is 2.3 times the value of their bitcoin holding.
This is a record level, it has never been so high, even during the pre-etc bullrun.
I guess Micheal Taylor has to behave very carefully to keep up with expectations.
First test is: when are they going to buy bitcoin with their cash proceeds with the second Convertible? According to my back of the envelope calculations: Tuesday.
If you see a big green candle Tuesday early morning European time, you know who it was.