I don't know how you fellas don't see it, but MSaylor is "sucking" out the upside from bitcoin.
He is 'skimming the cream off the top' so to speak.
Additionally, it is beneficial to him to reduce the bitcoin's upside and enhance the MSTR premium..so he can sell more shares to buy more bitcoin without affecting the price of bitcoin much.
Notice the last day: btc is up 0.4%, MSTR is up 11%.
Hmmm
Even though MSTR is more volatile than bitcoin due to it serving as a kind of leveraged bitcoin, your theory does not sound likely to me.
Why not? his reporting param is now bitcoin "yield", which is how many bitcoins (or fractions of) he has per MSTR share.
You can increase this yield by buying more btc and not caring much about the speed of btc advance as long as you maintain the premium in the stock vs btc value.
That premium is currently more than 3X.
I don't claim to have such a BIG brain about how these various trading product play off each other, yet even though MSTR is a derivative of bitcoin, there is still a need to buy the underlying bitcoin, and there are a variety of other BTC related markets and products that affects BTC's price and liquidity. You go ahead and believe whatever you want, the relation of the MSTR product(s) to BTC just sounds too narrow in terms of even being able to have as much of an impact on BTC prices as you are proclaiming it to have.
