Microstrategy Inc Cl A

MicroStrategy (MSTR US): Money From Nothing Is Worth?

Event-Driven
262 Views, 12 May 2022 17:07
EXECUTIVE SUMMARY
  • MicroStrategy Inc Cl A (MSTR US) is now trading at a ~26% discount to NAV as the bitcoin barbeque continues.  
  • Bitcoin is down ~40% YTD. If it falls another 24%, this will trigger a margin call on one of its loans.
  • Should bitcoin decline to US$17.5k, MSTR's crypto bet falls short of its debt obligation; debt that its software ops are not sufficiently profitable enough to service. 
detail (3-minute read)
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David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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