Saylor > Musk
Saylor is 10x+ more talented than Musk at running a public company.
The ability to focus on one project at one company, with zero distractions, is deeply undervalued.
$MSTR I don't like to make big deals about a one day move, up or down, except in rare scenarios, such as this monster up move in $STRK today.
This type of demand for $STRK and $STRF further enhances Strategy's ability to hit the ATM on these preferred securities, which builds
As the $STRK and $STRF ATMs ramp up, the reality is that bitcoin per share has nowhere to go but UP in the near/medium term, as the denominator will stay constant, and the numerator may increase at an accelerating rate.
Which means: $MSTR Earnings increase.
(imo/NFA)
Growth-Tech-Software PubCo Valuations:
$COIN at 45x Earnings
$TSLA at 188x Earnings
$PLTR at 556x Earnings
$MSTR is at 7x Earnings, and 30x does not seem unreasonable, given the primary comps in this space, and because **Strategy is growing BTC per Share YoY at 30%.**
The $MSTR industry could use a non corporate owned show.
Similar to when Quant Bros started, this space deserves a long form conversation that is not influenced & owned by corporate interests.
How about:
-Wednesdays at 10pm EST
-Starting 10/01/2025
-RQB
$MSTR BTC per Share growth during the BSE is now stabilizing at an impressive 30% per year. (blue)
Said another way, the BTC HODL is growing at a rate that is nearly 3x as fast as the growth rate of assumed diluted shares outstanding, aka ADSO. (61% vs 23% in orange)
When
Growth-Tech-Software PubCo Valuations:
$COIN at 45x Earnings
$TSLA at 188x Earnings
$PLTR at 556x Earnings
$MSTR is at 7x Earnings, and 30x does not seem unreasonable, given the primary comps in this space, and because **Strategy is growing BTC per Share YoY at 30%.**
$MSTR & $STRK Buyback idea
Given the scarcity element of bitcoin, there does come a point where stock buybacks could be a tremendous source of value creation for Strategy.
To dust off the old idea - there is no theoretical limit to how high bitcoin per share can go via a
@monsieurmarch
You took the words right out of my head. Don't stick around there too long. It's a dangerous place.
Thanks,
Josh
@saylor please consider purchasing a mix of $BTC and $MSTR shares at the margin during this round of $STRK sales. Long ago @ryQuant spoke of