And For That Reason, I'm Out
I've supported MSTR in the past, when the preferreds' yield was much safer.
All the "it's another Terra Luna" takes are moronic.
The game was to use financial engineering to start a flywheel. And other institutions piled on.
Unfortunately, more bitcoin hodlers sold than bought. Strategy purchases became OGs' exit liquidity.
This podcast conversation convinced me to sell it all at a loss: common equity, and several of the preferreds.
I sold all my bitcoin as well. Obviously.
Targeting to buy back around $30k (if I'm right) or $75k (if I'm wrong). Would likely use Strategy common stock again if it's the $75k outcome.