@pmelrog profile picture
Pedro @pmelrog
Joined July 2013
  • Tweets 7,752
  • Following 3,672
  • Followers 778
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~1 in 100 people own Bitcoin and 99.9% of the world’s ~$900T capital still has zero exposure. Yet it trades around $66K, with ~20M BTC already mined and issuance halving every 4 years. The price you see today is with almost nobody in. Once you see it, you can’t unsee it.
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Pedro@pmelrog
Jun 14
If $MSTR reported earnings quarterly like every other stock, none of this FUD would exist. Instead they publish data daily and weekly and critics weaponize it for short-term FUD. Investors know what they own. They’re here to outperform Bitcoin, not because of KPI A, B or C.
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Pedro@pmelrog
Jun 13
Strategy vs Family. Both will go bankrupt soon, according to the FUDsters.
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Pedro@pmelrog
Jun 13
Saylor has said this hundreds of times: Bitcoin is 40 vol, 40 ARR; MSTR is 70 vol, 70 ARR. Attacking MSTR after a 70% drawdown, is like beating someone who just got hit by a car and calling it a fight. Spinning this drawdown as failure is opportunistic and dishonest.
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Pedro@pmelrog
Jun 12
These metrics should be added to @Strategy’s dashboard: • MSTR ATM Issuance (30D sum, est.) ($M): 518 • STRC ATM Issuance (30D sum, est.) ($M): 2,000 Derived from aggregation of last ~5 weekly 8-K ATM disclosures.
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Pedro@pmelrog
Jun 12
The market does not care about the FUD: as soon as BTC goes up, MSTR goes up more; as soon as BTC goes down, MSTR goes down more. Don’t overcomplicate it.
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Pedro@pmelrog
Jun 12
FUD for dummies. Strategy’s assets and liabilities are equivalent to a family that owns a $53k house, has a $1k reserve, and $143 in monthly bills. That family will obviously collapse like FTX and Celsius, and Strategy will follow. Michael Saylor is the new Sam Bankman-Fried.
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Pedro@pmelrog
Jun 10
Bitcoin purists hate $MSTR and want BTC higher, but BTC rising only strengthens $MSTR. How does that logic hold? The only response so far is constant attacks over minor issues, creating FUD that hits both $MSTR and BTC. How does this make ANY SENSE?
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Bitcoin maximalists are the vegans of finance: They don't just hold BTC, they need you to feel bad for holding $MSTR. Vegans protest outside restaurants. Bitcoin maxis tweet all day about $MSTR. In the meantime, we eat steak and accumulate sats per share.
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Early Riders mapped BTC's drawdown returns so I asked Claude to run the same for $MSTR and this is what I got back. Why are Bitcoiners so optimistic about BTC's recovery but so pessimistic about $MSTR? The pessimism isn't analysis or research. It's inconsistency.
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For every 1 high-cost BTC sold, 47 low-cost BTC stacked last week - Saylor really is unBEARable.
Michael Saylor
@saylor
Jun 8
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC strategy.com/press/strategy-…
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Core KPI keeps trending upward. $MSTR stock price tracks Bitcoin’s price, not Strategy’s execution. Drawdowns = “bankrupcy”. ATH = “genius”. Same company, same execution, different price. Focus on long-term value, not short-term price.
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Prompted Claude: “Saylor sold 32 BTC to inoculate the market. If he now buys 3,200 BTC, he would be demonstrating that they can sell high-cost BTC, trigger panic, and then acquire 100x more BTC at a lower price.” Unlikely playbook, but entertaining. 😁
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Under MSTR mNAV definition, anything above 1.23x is accretive, and the stock traded at ~1.24x this week. They’ve also repaid $1.5B of debt recently, changing the company’s capital structure, so people need to read the section underlined in red. The mNAV breakeven is dynamic.
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An "expert" who was a guest on Yahoo Finance just said this about $MSTR. Unreal! Yahoo Finance: MSTR Stock Alert: Strategy Plummets as Bitcoin Sinks Below $60K. finance.yahoo.com/markets/cr…
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Yahoo Finance: MSTR Stock Alert: Strategy Plummets as Bitcoin Sinks Below $60K This guest on Yahoo Finance said this about $MSTR. This shit is unbelievable. finance.yahoo.com/markets/cr…
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ATMs, convertible debt & preferred stocks are simply financial engineering tools. When Google uses these tools, it’s visionary capital allocation. But if Strategy uses the same exact tools, it’s a ponzi scheme. Haters will hate.
Phong Le
@phongle
Jun 3
$GOOG's proposed $80B capital raise includes a $15B convertible preferred and a $40B ATM. Financing tools popularized by $MSTR to acquire Bitcoin are now being used by a Mag 7 company to build AI. AI and Bitcoin are the digital rails of the future.
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“Saylor sold 32 BTC and the price of BTC dropped 11.5%”

ALT The Big Short Correlation GIF

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Crypto-bros and Saylor haters mock the sale of 32 BTC, but the company is quietly rebuilding USD reserves, up $29M since last week, mainly via equity issuance, one week after a $1.5B convertible debt repayment. Once you see the 8 trade engines working, you can’t unsee it.
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BTC has a $1.5T market cap. Saylor is targeting a $900T global market cap. Meanwhile, this guy wants people to pay for groceries with BTC, run a node, and debate BIP-110. 🤣 youtu.be/8hRxMDZX-Lk?is=aVMQ…
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