Saylor's Sticky Situation

Strategy's Stretch (STRC) has broken well below it's designed $100 par value overnight, sparking fears that this bear market may be looking to claim another victim.

G’day Folks,

I wake up to see this ugly-ass looking chart of an asset which is supposed to trade at $100, on low volatility.

Strategy’s preferred stock Stretch (STRC) has taken a nose-dive, which rightfully has many questioning whether this is the market sending a more damning signal.

Today’s post will specifically focus on my thoughts around Strategy (MSTR), and this break-down in their preferred stock prices.

I will also share what impacts this has on my current and future allocations to Strategy related assets, as I have made a few decisions in recent weeks, which this event only works towards cementing.