MSTR Bears Crushed: Why Strategy’s Bitcoin Balance Sheet Is Built to Outlast Any Bear Market

TLDR: Strategy is raising over $130M daily in 2025, marking its highest-ever annual capital-raising pace.  Historical BTC data shows median 12-month forward returns of +133% from current price MA levels.  Even at a compressed 0.8x mNAV, covering preferred dividends would require only 6.6% dilution.  MSTR’s monthly trading volume of $54.79B dwarfs its $148M dividend bill, [...]

The post MSTR Bears Crushed: Why Strategy’s Bitcoin Balance Sheet Is Built to Outlast Any Bear Market appeared first on Blockonomi.