Just a reminder that MSTR anywhere above an mNAV of 1.0 is the easiest sell out there. Because if you won’t sell, Strategy will. They’ll continue to dilute the common equity as much as possible. The “$1B buyback” program they introduced yesterday was just hollow signaling to try and distract everyone from the fact they sold more than $1.1B of MSTR ATM hidden in the same post last week. It is their preferred method of raising capital vs. selling Bitcoin, which makes sense. They have and will continue to use the common shareholders to pay the preferred dividends and the debt.(K A L E O)