$MSTR is now a 1.27 times levered ETF trading at its NAV and paying 10% for its leverage. It was always this and was never anything other than this despite the nonsense from the silly investors, the company and its founder.  It has no GAAP earnings despite the practically fraudulent use of ASU 2023-08.  It has no justification for being valued with a P/E.  It has a significant on going problem as it had no earnings an ongoing dividend pavements.  It also should not have been added to NDX 100 and will never be added to the SPX or any "corporate" index.  BUY BTC or IBIT for your BTC exposure not this clear and obvious scam.

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