A change in accounting rules and nothing else is going to boost the value of the assets they hold on their balance sheet. The value of those assets is understated relative to market value.
However you want to parse the words or however differently you want to state it, their balance sheet is valued below (but not undervalued?) what it will be when the accounting rule change is implemented.
I'm not suggesting any of that warrants any action RE: the stock. Just what the outcome will be when the new FASB rule takes effect.
Haven't seen anything in the earnings release news that they did anything here, MSTR down a bit AH.
Saylor has been selling 5,000 shares/day for a few months. Programmatic, on options that were set to expire, so of course he is. But obviously not a bullish signal. They bought $1.65B in BTC in Q1, which are currently under water ($65,232 average price).
BTC halvening behind us....ETF inflows have stalled, and in fact there
are now outflows. What's the catalyst to push back up through the ATHs? My thesis has been focused around the ETFs driving demand (and price), which it did for a while. But price still couldn't push through overhead supply.