Crypto Scenario Insights
What happened
MicroStrategy (MSTR) has unveiled a new capital management framework, including a 12% dividend for its STRC preferred stock, $2 billion in share buybacks, and a program authorizing up to $1.25 billion in Bitcoin sales.
What we think
The most likely outcome is a neutral-to-slightly bearish impact on Bitcoin price and a neutral-to-slightly bullish impact on MSTR shares, with a 50% probability.
Read the analysis
MSTR Unlocks Bitcoin Sales & Buybacks: What Does it Mean for BTC Supply and MSTR Shares?
We explain what happened and what could follow. We do not forecast prices.