【Strategy made $19.5 billion, but its stock fell 6%】
It made $19.5 billion in net profit in a single quarter, yet MSTRB on Binance fell 6.12% in one day. Here are 3 things to know before the market opens.
1️⃣ The profit is on paper. Nearly all net income came from Bitcoin appreciation, while software revenue fell 3% year over year and missed expectations.
2️⃣ The CFO is leaving. Andrew Kang said he was resigning for personal reasons. He will step down on November 5, and the CEO will serve as interim CFO.
3️⃣ There’s still firepower. As of October 25, the company held approximately 848,500 BTC. Saylor said it could create up to $30 billion in digital credit without issuing more common stock.
My take: Tonight, MSTRB will follow BTC, not its earnings report. At 20:35 on Binance, BTC was around 77494, very close to its 7-day low of 76500. If it holds, I’d call this a sentiment-driven selloff; if it breaks below, I’m not buying.
What would prove my call wrong: If BTC falls below 76500 but MSTRB holds above its 24-hour low of 131.35, that would signal independent buying. I’ll admit I’m wrong.
Note: MSTRB is a Binance bStocks token, pegged 1:1 to the share price. It does not represent shareholder rights.
The U.S. stock market opens at 21:30. Do you think MSTR will fall more than BTC?
Sources: The Block, TradingKey
#美股 #Bitcoin
📈 Top 3 contract gainers (20:35): $BEAMX +42.85%｜$BLESS +40.73%｜$PARTI +33.77%
#Binance Square
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
It made $19.5 billion in net profit in a single quarter, yet MSTRB on Binance fell 6.12% in one day. Here are 3 things to know before the market opens.
1️⃣ The profit is on paper. Nearly all net income came from Bitcoin appreciation, while software revenue fell 3% year over year and missed expectations.
2️⃣ The CFO is leaving. Andrew Kang said he was resigning for personal reasons. He will step down on November 5, and the CEO will serve as interim CFO.
3️⃣ There’s still firepower. As of October 25, the company held approximately 848,500 BTC. Saylor said it could create up to $30 billion in digital credit without issuing more common stock.
My take: Tonight, MSTRB will follow BTC, not its earnings report. At 20:35 on Binance, BTC was around 77494, very close to its 7-day low of 76500. If it holds, I’d call this a sentiment-driven selloff; if it breaks below, I’m not buying.
What would prove my call wrong: If BTC falls below 76500 but MSTRB holds above its 24-hour low of 131.35, that would signal independent buying. I’ll admit I’m wrong.
Note: MSTRB is a Binance bStocks token, pegged 1:1 to the share price. It does not represent shareholder rights.
The U.S. stock market opens at 21:30. Do you think MSTR will fall more than BTC?
Sources: The Block, TradingKey
#美股 #Bitcoin
📈 Top 3 contract gainers (20:35): $BEAMX +42.85%｜$BLESS +40.73%｜$PARTI +33.77%
#Binance Square
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
