Kian Dexter
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Mstr
The relationship between Bitcoin and MicroStrategy stock prices
The price of Bitcoin and MSTR (MicroStrategy) shares has formed a highly convergent leveraged proxy relationship. MSTR is no longer essentially a software company, but rather a 'Bitcoin leveraged ETF': its beta value reaches 1.77, showing greater elasticity when the coin price rises, and significantly magnified declines when it falls.
The latest holdings show that MSTR holds over 714,000 bitcoins, with an average cost of about $76,056. As the price of Bitcoin fell to $69,000, the unrealized losses expanded to between $4.8 billion and $6.5 billion, and MSTR's stock price has plummeted nearly 80% from its peak.
In terms of market capitalization, the key indicator is the premium rate (mNAV). When the premium is above 1, the company can issue shares at low prices to finance and buy coins at high prices to create a positive feedback loop; however, the current premium has compressed to 1.09 and even briefly fell below 1, resulting in stagnant financing and interrupting the traditional 'issue shares to buy coins' cycle. Market focus has shifted from 'whether to sell coins' to 'whether to refinance at low cost', which will determine whether this highly leveraged model can survive a bear market.
The latest holdings show that MSTR holds over 714,000 bitcoins, with an average cost of about $76,056. As the price of Bitcoin fell to $69,000, the unrealized losses expanded to between $4.8 billion and $6.5 billion, and MSTR's stock price has plummeted nearly 80% from its peak.
In terms of market capitalization, the key indicator is the premium rate (mNAV). When the premium is above 1, the company can issue shares at low prices to finance and buy coins at high prices to create a positive feedback loop; however, the current premium has compressed to 1.09 and even briefly fell below 1, resulting in stagnant financing and interrupting the traditional 'issue shares to buy coins' cycle. Market focus has shifted from 'whether to sell coins' to 'whether to refinance at low cost', which will determine whether this highly leveraged model can survive a bear market.
lfg
Chenbó辰博
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BearishAdversity makes a strong person, and only through fire can one's true nature be revealed
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Adversity makes a strong person, and only through fire can one's true nature be revealed
#BTC☀ $BTC $BNB
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Adversity makes a strong person, and only through fire can one's true nature be revealed
#BTC☀ $BTC $BNB
Usdt
🎉 Reward Update! 🎉
Alhamdulillah!
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Alhamdulillah!
I’ve received a Token Voucher reward from XPL 🪙✨
✅ Rewards credited successfully
📈 Staying consistent really pays off
Grateful for the opportunity — more learning, more sharing, more growth 🚀
Thanks to the XPL / Excel team! 🙌
#XPL #CryptoRewards #EarnToLearn #CryptoJourney #Grateful
3
RCB signal
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Follow + Comment = Red Pocket 🧧
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发财财
首席操盘手
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I just remembered that I haven't given everyone red envelopes for the Little New Year yet🧧😁
While discussing matters with the big shots, I'm also watching the market
Turning my head, it's already 12 o'clock, time to send out the red envelopes🧧
While discussing matters with the big shots, I'm also watching the market
Turning my head, it's already 12 o'clock, time to send out the red envelopes🧧
88
Taha 14 比特币
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💙💫🌸
#taha14
#taha14
Happy birthday
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Yes
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7
Rabbi Mostak Ahmmed
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BearishFree crypto
Comment 7
$SOL #GoldSilverRally
Comment 7
$SOL #GoldSilverRally
🤑
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{future}(PARTIUSDT)
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{future}(BTCUSDT)
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{future}(PARTIUSDT)
Hey Crypto Community! 🚀 This Valentine’s season, Binance is sharing the love with a special Referral Program. You and your friends can both unlock Sweet Gifts by completing a few simple steps!
📋 How to Participate & Rules:
To qualify for the rewards, new users must complete these two essential tasks:
Task 1 (Deposit): Top up at least $20 equivalent via Fiat Deposit, Buy Crypto, or P2P.
Task 2 (Trade): Complete a total trade of at least $50 equivalent via Convert or Spot trading.
🎁 Exclusive Rewards:
Once the tasks are finished, both you and your friend unlock 1 Sweet Gift each! 🍭
Each eligible user can unlock up to 20 Sweet Gifts.
Hurry: These rewards are distributed on a first-come, first-served basis while supplies last!
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666
#BTC
{spot}(BTCUSDT)
🔥 Sprinting to 20K followers! Thankful for the companionship and support along the way～
Benefits continue, so keep following!
We walk together towards a beautiful future!
Towards 20k followers!
Thanks for your support.
More gifts coming.
Follow me and go for a better future together.
#共建币安生态
{spot}(BTCUSDT)
🔥 Sprinting to 20K followers! Thankful for the companionship and support along the way～
Benefits continue, so keep following!
We walk together towards a beautiful future!
Towards 20k followers!
Thanks for your support.
More gifts coming.
Follow me and go for a better future together.
#共建币安生态
好运
Gusu snow warms, the small year brings blessings.
Warm tea at hand, blooming flowers in the heart.
Sweep away dust and remove misfortune, beautiful things will come on their own.
Wishing the whole family health and great luck in the Year of the Horse!
Warm tea at hand, blooming flowers in the heart.
Sweep away dust and remove misfortune, beautiful things will come on their own.
Wishing the whole family health and great luck in the Year of the Horse!
8
Whales are Buying, Are You? 🐋
BTC is hovering near $69,000 today. While the market just experienced some liquidations, on-chain data shows that whales are madly restocking. Is this wave of "damage control" or the "prelude to takeoff"? No matter how the market fluctuates, my fan benefits must remain steady!
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BTC is hovering near $69,000 today. While the market just experienced some liquidations, on-chain data shows that whales are madly restocking. Is this wave of "damage control" or the "prelude to takeoff"? No matter how the market fluctuates, my fan benefits must remain steady!
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BTC is hovering near $69K today. While the market saw some liquidations, whale wallets just added 53,000 coins! Is this a recovery or just the beginning? To keep the spirits high, I’m dropping some rewards!
【588U BTC Giveaway】🧧
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Brc
Whales are Buying, Are You? 🐋
BTC is hovering near $69,000 today. While the market just experienced some liquidations, on-chain data shows that whales are madly restocking. Is this wave of "damage control" or the "prelude to takeoff"? No matter how the market fluctuates, my fan benefits must remain steady!
【588U BTC Giveaway】🧧
1️⃣ Follow me
2️⃣ Comment + Retweet
588U BTC rewards distributed, limited spots available, first come, first served. Follow the whales and get your rewards first! 🎁
Whales are Buying, Are You? 🐋
BTC is hovering near $69K today. While the market saw some liquidations, whale wallets just added 53,000 coins! Is this a recovery or just the beginning? To keep the spirits high, I’m dropping some rewards!
【588U BTC Giveaway】🧧
1️⃣ Follow me
2️⃣ Comment + Retweet
588U BTC rewards distributed to active followers. First come, first served. Grab your luck! 🎁
BTC is hovering near $69,000 today. While the market just experienced some liquidations, on-chain data shows that whales are madly restocking. Is this wave of "damage control" or the "prelude to takeoff"? No matter how the market fluctuates, my fan benefits must remain steady!
【588U BTC Giveaway】🧧
1️⃣ Follow me
2️⃣ Comment + Retweet
588U BTC rewards distributed, limited spots available, first come, first served. Follow the whales and get your rewards first! 🎁
Whales are Buying, Are You? 🐋
BTC is hovering near $69K today. While the market saw some liquidations, whale wallets just added 53,000 coins! Is this a recovery or just the beginning? To keep the spirits high, I’m dropping some rewards!
【588U BTC Giveaway】🧧
1️⃣ Follow me
2️⃣ Comment + Retweet
588U BTC rewards distributed to active followers. First come, first served. Grab your luck! 🎁
填了
Binance wallet, fill it out to claim 100u from me, CANDY1 or CANDY8, permanently valid $ETH
{future}(ETHUSDT)
{future}(ETHUSDT)
Btc
🎁 Post 6 — Elite Squad Call
Attention Square Champions 🏆
1000 Red Pockets are LIVE 🔥
💎 Follow + Comment to secure your reward
⏰ Late entries = Missed blessings!
$BTC
{future}(BTCUSDT)
Attention Square Champions 🏆
1000 Red Pockets are LIVE 🔥
💎 Follow + Comment to secure your reward
⏰ Late entries = Missed blessings!
$BTC
{future}(BTCUSDT)
Yes
Vanar Chain is shaping the next era of smart contracts with a focus on scalability, performance, and real-world integration. Built for gaming, AI, and enterprise use cases, the network emphasizes speed and usability. $VANRY powers transactions and ecosystem participation, aligning token utility with long-term growth. With strong infrastructure and vision, @Vanarchain is building for sustainable Web3 adoption. #Vanar
2
G SAB
Hi
🥰🥰more followers
Btc
$BTC Bitcoin is not only a creation of technology, but also a redefinition of freedom and value in the digital age.
#BTC
#BTC
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