MSTR Overnight market has MSTR trading at $225, and BTC seems headed to the 70s. All MSTR bondholders from offerings since November are upside down, casting large doubts over MSTR raising more money anytime soon in the bond market.
Shareholders voted to allow Saylor to increase shares outstanding to the billions, and he is well on his way. Dilution as far as the eye can see.
BTC will recover. But this time there will be 50% more MSTR shares outstanding to spread the recovery across, providing far less boost as compared to the first run up.
MSTZ was up 18% today, another 12% tonight, 85% in the last week and 102% in the last 30 days. But I'm just the idiot that doesn't understand how Saylor's grand plan works.
MSTZ SMST is a better ETF as it is listed on NASDAQ and already did a 1 for 5 split on November 18, 2024...stay away from these off market leveraged ETFs they are doing a 1 for 20 reverse split on December 16 with no press release or news anywhere I found out by accident...stay away!
MSTZ ......announced Dec 9th a 1 for 20 reverse split happens on Monday Dec 16...no news anywhere....I confirmed with my broker....reverse splits are terrible....sold it all at a loss...nothing on Rex shares website either.