The Strategy/MSTR/STRC bears have had their brains officially cooked.
They are either bad actors or extremely stupid.
There isn't a third option.
Strategy has 845,256 Bitcoin valued at $52.4 billion.
They owe $142 million per month in dividends.
Now let's scale the balance sheet down 1,000,000x to show you how stupid these people are.
$52,400 of Bitcoin
$142/month dividend bill
0.845256 BTC
That means the monthly dividend bill is:
$142 ÷ $52,400 = 0.271% per month
Annualized:
$1,704/year ÷ $52,400 = 3.25% per year
So the bear argument becomes:
“This person owns $52,400 of Bitcoin and owes $142 per month. They are doomed.”
That is hilarious.