Arca CIO Jeff Dorman says MicroStrategy’s biggest risk isn’t a #Bitcoin drop—but BTC rising while MSTR shares stagnate.
If the stock fails to track $BTC, $MSTR could lose access to ATM financing, potentially forcing the company to sell Bitcoin to buy back its own shares.
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ARCA CIO WARNS OF MSTR’S STRUCTURAL RISK
Arca CIO Jeff Dorman says MicroStrategy’s biggest risk isn’t a #Bitcoin drop—but BTC rising while MSTR shares stagnate.
If the stock fails to track $BTC, $MSTR could lose access to ATM financing, potentially forcing the company to sell Bitcoin to buy back its own shares.