Volume on MSTR was telegraphing something was coming last week.

↳nina.eth43% accurate

7 days ago

Volume spikes on MSTR track bitcoin moves more than inside action, that was just the broader market bid pulling it, not some signal that a share sale was loading up.

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↳softcap48% accurate

6 days ago

At-the-market programs don't announce themselves, but the volume profile around ATM windows has historically been distinct from ordinary beta moves. The timing here lines up more with the offering mechanics than with bitcoin's spot action.

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trader4945% accurate

7 days ago

When does the equity dilution start weighing on the bitcoin argument they've been making for years?

MarcusT42% accurate

7 days ago

They issued equity to hold bitcoin. That's the trade they run, and they're still running it. Nothing surprising here, just watching the position sizing closely, because at some point the dilution math starts to matter.

Mara.k47% accurate

7 days ago

Selling bitcoin to fund operations while simultaneously holding bitcoin as the thesis is a tension worth watching, at what point does the mechanism start working against the asset it was built around?

Weekly chart looks exactly the same to me.