Well, wasn’t that a bit of a ride? Just when folks were maybe still blinking from the Liberation Day tariff news – you know, the one President Trump announced – the market decided to perk right up. That little wobble seems to be fading into memory, like a bad dream after a strong cup of coffee.
- Bitcoin is trading above $97,000, a significant jump in the last day and since Liberation Day. The U.S. stock markets are also performing well, with the Nasdaq and S&P 500 showing gains.
- Michael Saylor’s company, Strategy (MSTR), is experiencing a resurgence, hitting a new high for the year. However, some analysts caution against over-optimism, noting that peaks aren’t always obvious.
- Strategy is set to release its first-quarter results, with speculation surrounding a potential announcement of another major stock offering to buy more bitcoin. Michael Saylor has hinted at an interesting announcement.
Bitcoin, the big one everyone watches, is trading above $97,000. That hasn’t happened in nearly ten weeks. It’s up over 3% in just the last day and a solid 14% since Liberation Day. The big U.S. stock markets are feeling good too. The Nasdaq gained 2% today and is now up about 1% since that early April event. The S&P 500 is back where it was before things got interesting, up 1% today.
It makes you wonder, doesn’t it? Like Mike Bird, who writes for The Economist, put it on X. He pictured some calm soul living quietly, maybe in a cabin, not checking the news every five minutes. This person looks at their investments once a month and wouldn’t even know anything out of the ordinary happened in April. It’s a funny thought, isn’t it? Sometimes ignoring the noise is the best strategy.
You know there's a guy out there living a life of zen-like contemplation in a cabin somewhere, refusing to check the news, who assesses his portfolio on a monthly basis and has no reason to believe that anything happened in April.
https://x.com/Birdyword/status/1917675069012119648
Michael Saylor’s Strategy Back in the Spotlight
Speaking of strategies, Michael Saylor’s company, Strategy, ticker MSTR, is having quite the moment. Remember how it dropped? It fell hard, about 55% from its high point back in November, hitting a low around $235 in mid-April. Ouch. But now? It’s bounced back strong.
Just minutes ago, MSTR hit a new high for the year, trading just over $400. That’s a pretty big jump from its low point. It shows how quickly things can turn around in this market, doesn’t it? One minute you’re down, the next you’re hitting new highs.
But not everyone is popping champagne corks just yet. Quinn Thompson, who started Lekker Capital, shared a note of caution. He responded to a post celebrating MSTR’s winning streak – its longest since late 2023, apparently. Thompson simply wrote, “They don’t usually ring a bell at the top.” It’s a classic market saying, reminding everyone that peaks aren’t always obvious until they’re in the rearview mirror.
They don't usually ring a bell at the top.
https://x.com/qthomp/status/1917652367647850561
Strategy has some important news coming up. They post their first-quarter results after the market closes on Thursday. This earnings call is getting extra attention for a couple of reasons. First, the company just finished using up its big $21 billion program to sell common shares on the open market. They used the last bit of it to buy more bitcoin just last week.
So, here’s the big question everyone’s asking: Will Strategy announce another huge plan to sell more stock? They could use that money to buy even more bitcoin. Right now, they hold a massive amount, valued around $53 billion. Adding significantly to that would be, well, significant.
Michael Saylor himself has dropped hints that something might be in the works. He told his followers on X to make sure they tune into the earnings call. Why would he say that unless there was something interesting to announce? It certainly got people talking and guessing.
Tune into the earnings call.
https://x.com/saylor/status/1917681071983907259
Quinn Thompson, the same fellow who mentioned the bell not ringing at the top, has been thinking about this possibility too. He expects Saylor to try and do something even bigger than the company’s previous stock offerings. It’s like a game of one-upmanship, but with billions of dollars and lots of bitcoin.
Imagine the scale of it. Selling billions in stock to buy billions in bitcoin. It’s a strategy that has certainly made Strategy a unique company in the market. It ties their stock price very closely to the price of bitcoin. When bitcoin goes up, MSTR tends to go up even faster. When bitcoin falls, MSTR can really tumble.
So, Thursday’s earnings call isn’t just about how the company did last quarter. It’s about what they plan to do next. Will they announce a new way to raise money? Will they keep stacking bitcoin? The market is definitely waiting to hear what Saylor has to say. It feels a bit like waiting for a big reveal, doesn’t it?
This whole situation with Strategy and their bitcoin buying is a fascinating story. It shows how one company’s bold moves can capture the market’s attention. It also highlights the ongoing debate about how much bitcoin is too much for a publicly traded company to hold. It’s a high-stakes game, that’s for sure.
Watching the price of MSTR climb back up, hitting that year-to-date high, you can feel the excitement. But hearing the notes of caution reminds you that markets can change direction quickly. It’s a balance between opportunity and risk, like walking a tightrope. You have to keep your eyes open and be ready for anything.
The connection between the wider market rebound and MSTR’s surge isn’t a coincidence. When the general feeling is positive, and bitcoin is doing well, companies like Strategy that are heavily invested in bitcoin tend to benefit greatly. It’s a rising tide lifting certain boats, you could say.
But remember, the market doesn’t always follow a straight line. There are ups and downs, often unexpected ones. That’s why listening to different perspectives, like Quinn Thompson’s caution, is important. It helps paint a fuller picture of what’s happening and what might happen next.
All eyes will be on Strategy’s earnings call this Thursday. Will Michael Saylor announce the next big move? Will he reveal plans for another massive capital raise to buy more bitcoin? It’s the kind of news that could send ripples through both the stock market and the crypto world. It’s definitely worth paying attention to.
