The crew reviews MicroStrategy’s record-setting Q3 earnings performance, breaking down the numbers behind the company’s Bitcoin accumulation strategy and its implications for market cap growth. The episode covers key catalysts ahead, trading volume dynamics, and how the Q3 results reshape the narrative around Bitcoin treasury companies. Market context: MSTR closed at $247.31 with mNAV at ~2.75.
Market Snapshot
- Date: 10/30/24
- MSTR Open/Close: $246.50 / $247.31
- Volume: 20,593,300 shares
- mNAV: ~2.75
- Market Cap: ~$50.12B
- U.S. Market Cap Rank: 195
- BTC Held: 252,220