{"id":58544,"date":"2025-11-14T14:19:05","date_gmt":"2025-11-14T14:19:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58544"},"modified":"2025-11-14T14:19:05","modified_gmt":"2025-11-14T14:19:05","slug":"microstrategy-stock-death-spiral-mstr-stock-slips-below-its-bitcoin-value-as-traders-favor-pure-btc-exposure","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58544","title":{"rendered":"MicroStrategy Stock Death Spiral: MSTR Stock Slips Below Its Bitcoin Value as Traders Favor Pure BTC Exposure"},"content":{"rendered":"<div>\n<p>Imagine thinking that changing the name from Microstrategy stock to Strategy was a good idea. Anf now Michael Saylor just floated a message on X that said \u201cBuy Now,\u201d which comes exactly three years after FTX begged people to buy FTT.<\/p>\n<p>What do you say lads, should we help him?<\/p>\n<figure id=\"attachment_309044\" aria-describedby=\"caption-attachment-309044\" style=\"width: 738px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-309044 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-14T181353.841.png\" alt=\"\" width=\"738\" height=\"985\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-14T181353.841.png 738w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-14T181353.841-225x300.png 225w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-14T181353.841-37x50.png 37w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\"><figcaption id=\"caption-attachment-309044\" class=\"wp-caption-text\">(Source: <a class=\"general-link\" href=\"https:\/\/x.com\/saylor\/status\/1987165276027105557\" target=\"_blank\" rel=\"noopener nofollow\">X<\/a>)<\/figcaption><\/figure>\n<p>We had <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">no retail<\/a> this cycle, which means no altcoin bull market, and most working-class people believe the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">price of Bitcoin<\/a> is too high.<\/p>\n<p>Institutional treasuries are the retail investors this time around, buying huge bags at 90k while the rest of the crypto space, which actually bought earlier, cheers on Michael Saylor as some kind of genius, buying at higher prices than anyone. Well, we\u2019re about to see who still believes on the way down, definitely not corporations and their board of directors<\/p>\n<p>So what\u2019s next for Michael Saylor and Strategy?<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in 2025<\/a><\/strong><\/p>\n<h2>If MicroStrategy Stock Falls, Will BTC USD Fall to $50k?<\/h2>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_69173720b1c8b\" data-coin-id=\"bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_69173720b1c8b-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_69173720b1c8b-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_69173720b1c8b-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_69173720b1c8b-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_69173720b1c8b-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_69173720b1c8b-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_69173720b1c8b-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_69173720b1c8b-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_69173720b1c8b-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_69173720b1c8b-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_69173720b1c8b-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_69173720b1c8b-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p>MicroStrategy\u2019s stock has slipped below the value of its own Bitcoin holdings, which is a rare break in the company\u2019s long-running premium. With BTC stabilizing around $102,000 earlier in the week \u2013 and now slipping toward $96,000! \u2013 Wall Street has briefly decided the underlying coins are worth more than the equity wrapped around them.<\/p>\n<p>The move comes days after famed short-seller Jim Chanos, who called the Enron collapse, closed his MSTR position, dismissing the firm\u2019s extreme Bitcoin leverage as <strong>\u201cridiculous.\u201d <\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">People were paying <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@saylor<\/a> like 3x NAV at the peak, right?<\/p>\n<p>LET THAT SINK IN! <a href=\"https:\/\/twitter.com\/search?q=%24mstr&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$mstr<\/a> is going to be studied for the next 100 years\u2026 one way or the other <\/p>\n<p>Best advice: if someone is screaming for you to sell your house and buy, maybe don&#8217;t? <a href=\"https:\/\/t.co\/2l0tWynrRY\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/2l0tWynrRY<\/a><\/p>\n<p>\u2014 @jason (@Jason) <a href=\"https:\/\/twitter.com\/Jason\/status\/1989106363201646704?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This negative premium is freaking investors out and nurturing a growing caution toward the world\u2019s largest <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/top-crypto-stocks\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">corporate Bitcoin holder<\/a>. Investors appeared to be pricing in the firm\u2019s dilution risk and heavy leverage, rather than Bitcoin\u2019s short-term price moves.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n<h2>Is The Market Rethinking the \u201cCorporate Bitcoin Proxy\u201d Trade?<\/h2>\n<p>MicroStrategy\u2019s stock usually trades at a premium to its net Bitcoin holdings, reflecting optimism around Michael Saylor\u2019s long-term BTC thesis. But as the company continues to raise capital through new equity and preferred share offerings, some institutional investors are pulling back.<\/p>\n<blockquote>\n<p>\u201cThere will always be skeptics who don\u2019t appreciate Bitcoin, digital capital, or digital credit. The market is evolving,\u201d said Saylor<\/p>\n<\/blockquote>\n<figure id=\"attachment_309050\" aria-describedby=\"caption-attachment-309050\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-309050 size-large\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-1024x548.png\" alt=\"\" width=\"1024\" height=\"548\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-1024x548.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-300x161.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-768x411.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-1536x822.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-2048x1096.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/MSTR_2025-11-14_19-25-27-50x27.png 50w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption id=\"caption-attachment-309050\" class=\"wp-caption-text\">(Source: <a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/A4aJB7ow\/?symbol=PYTH%3AMSTR\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a>)<\/figcaption><\/figure>\n<p>According to Glassnode, institutional Bitcoin flows have stabilized since late October, while <a class=\"general-link\" href=\"https:\/\/www.coinglass.com\/BitcoinTreasuries\" target=\"_blank\" rel=\"noopener nofollow\">CoinGlass data<\/a> shows total BTC held in corporate treasuries now tops $104.55 Bn. Yet, Strategy\u2019s widening volatility compared to Bitcoin suggests that traders are increasingly prefer direct exposure over corporate intermediaries.<\/p>\n<p>Maybe Saylor is over his skis on this one?<\/p>\n<p>Meanwhile, Crypto Fear &amp; Greed Index readings remain stuck in the \u201cextreme fear\u201d zone at 16, signaling caution despite Bitcoin\u2019s relatively stable price action around $96,000. Keep an eye on this one, we may be looking at a new FTX if MSTR stock keeps collapsing.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/will-the-illuvium-ilv-crypto-devastation-continue-staking-v3-to-go-live\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Will The Illuvium ILV Crypto Devastation Continue? Staking V3 To Go Live<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Imagine thinking that changing the name from Microstrategy stock to Strategy was a good idea. And now Michael Saylor is in danger.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Keep an eye on this one, we may be looking at a new FTX if MSTR stock keeps collapsing.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/microstrategy-stock-death-spiral-mstr-stock-slips-below-its-bitcoin-value-as-traders-favor-pure-btc-exposure\/\">MicroStrategy Stock Death Spiral: MSTR Stock Slips Below Its Bitcoin Value as Traders Favor Pure BTC Exposure<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Imagine thinking that changing the name from Microstrategy stock to Strategy was a good idea. Anf now Michael Saylor just floated a message on X that said \u201cBuy Now,\u201d which comes exactly three years after FTX begged people to buy FTT. What do you say lads, should we help him? (Source: X) We had no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-58544","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58544"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58544\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}