Crypto Scenario Insights
What happened
Strategy's latest $100 million Bitcoin purchase has triggered intense debate as its proprietary 'BTC Yield' metric declined to 12.5%.
What we think
The most likely outcome over the next quarter is a gradual compression of MSTR's premium to NAV as the market adjusts to the dilutive reality of its capital-raising strategy, representing a 40% probability.
Read the analysis
Strategy adds $100M in Bitcoin but BTC Yield drops — is MSTR diluting its way out of a premium?
We explain what happened and what could follow. We do not forecast prices.