Microstrategy Inc Cl A Watchlist
MicroStrategy (MSTR US): Money From Nothing Is Worth?
262 Views, 12 May 2022 17:07
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.