First day of the new week, feeling alright. As expected, the U.S. went full TACO mode. The agreement between the U.S. and Iran is still ongoing, and the conflict hasn’t escalated. WTI prices are back around $70, which seems pretty solid. Unless the Strait of Hormuz fully opens up, it’s unlikely to drop below $65 in the short term. So shorting at the current price doesn’t seem worth it. If WTI can climb back to $75 or widen the gap with Brent to over $5, then it might be worth chasing a short position. Otherwise, short-term returns are looking a bit low. I’ve already shifted my funds back to bitcoin:native dual tokens, aiming to build positions at $59,000. Previously, I bought in at $62,000 and $63,000. Even though MSTR didn’t buy any Bitcoin last week, I’m still pretty happy. I mentioned last week that the best strategy for MSTR right now is to hunker down for the winter—reduce BTC purchases, cut back on preferred stock ATM offerings, focus more on common stock ATM offerings, and accumulate cash. MSTR has done all of this, so it’s clear today that preferred stocks, including STRC, are performing well. In the short term, there’s no need to worry about MSTR blowing up. Their current cash reserves are enough to cover preferred stock dividends for over a year. As for selling BTC, that should be the last resort. If they do sell BTC, it’s likely for buybacks, and it definitely wouldn’t be on the secondary market—OTC is the most probable route. Also, I don’t think selling BTC is MSTR’s top choice right now. While the early BTC holdings are profitable, the current average price is still at a loss. Selling BTC at a loss would make the market think MSTR is dumping at a loss, which would hurt their common stock ATM offerings. So I don’t think they’ll rush into it—let’s wait and see. Overall, MSTR’s new framework isn’t bad news for the market today. Bitget is here, and it’s VIP all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.