Crypto Scenario Insights
What happened
Michael Saylor has introduced a new three-part valuation framework, including 'Clean Equity Bitcoin Equivalent BPS,' to defend MicroStrategy's leveraged balance sheet.
What we think
The most likely outcome is a neutral consolidation (55% probability) as the market treats the new metrics as corporate marketing rather than a fundamental credit catalyst.
Read the analysis
Does Saylor's New 'Bitcoin per Share' Metric Justify the MicroStrategy Premium Amid a 15% Drawdown?
We explain what happened and what could follow. We do not forecast prices.