$MSTR Strategy lost -9.35% making a new 52-week low yesterday, at $85.33 ! 🚨
What's really happening behind the scenes? @saylor
LUNA 2.0? 😱😱😱 https://t.co/FX3G0SVLV2
$MSTR Strategy lost -9.35% making a new 52-week low yesterday, at $85.33 ! 🚨
What's really happening behind the scenes? @saylor
LUNA 2.0? 😱😱😱 https://t.co/FX3G0SVLV2
I’m feeling Terra Luna vibes all over again.
Before Luna/UST broke, there was ~$18.7B of UST circulating, backed by only ~$3.1B of BTC, and UST was instantly redeemable.
Today, Strategy holds ~$51.5B of BTC with ~$10.5B of STRC outstanding, and STRC is not instantly redeemable.
These are obviously completely different.
Anyone else getting LUNA 2022 vibes on MicroStrategy? https://t.co/unNi8uV2I5