Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

Buyable Gap Up - MSTR 10-22-20

MSTR had a BGU yesterday. It made headline news when it bought $425 million in bitcoin. With a market cap of only $1.8B and annual sales of about $450M, along with bitcoin breaking out as numerous metrics favor bitcoin to reach old highs of $20,000 sometime in the first half of next year, its bitcoin holdings put MSTR in a strong position. Given the size of its investment relative to its total size as a company, some have even speculated that MSTR could be used as a bitcoin ETF of sorts.

MSTR has opened the floodgates into corporate treasuries as the total now owned by corporations in the U.S. just passed $10 billion when it was just under a billion last month. It is the attempt of corporations with fiat-based warchests to stave off sinking fiat. What happens when about $5T of cash sitting in public company corporate treasuries and the $8.5T sitting in sovereign wealth funds realize they too need to be invested in bitcoin?

Keep in mind the stimulus package could be further delayed. This, along with election uncertainty, could cause sharp pullbacks in the general markets, so if buying anything, position size accordingly and always keep your stops tight. 
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy