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MSTR an interesting phenomenon
The decline of $MSTR / BTC is clearly smaller than the decline of $MSTR itself.
This shows that the decline of $MSTR is clearly smaller than the decline of BTC.
Logically, at this time MSTR shareholders should sell MSTR and buy BTC, which is more profitable, right?!
But clearly very few people are doing this, why?
A: Because of regulatory reasons they are not comfortable buying BTC?
B: Because of regulatory reasons they can only buy BTC ETFs, the net value decline of the ETF is greater than the dilution of MSTR's pie content?
C: They truly believe that the leverage effect of MSTR/BTC will increase?
D: What other reason?