Green Dots, Red Flags — A Critical Moment for MicroStrategy

[bonk]

MicroStrategy’s Bitcoin stash is in profit by 22.9%, valued at $59.45B as of Nov. 30.
But the stock is down over 60%, exposing a widening gap between BTC appreciation and shareholder returns.

This divergence matters: it directly impacts mNAV and increases the probability that BTC sales become necessary during downturns.

Community reactions are mixed:
Some see Saylor’s “green dots” as a bullish signal of more accumulation.
Others warn the real test is whether MicroStrategy can survive a deep drawdown without forced liquidation — especially now that preferred dividends and tightening capital markets are in play.

Regardless, one thing is clear:
MicroStrategy’s Bitcoin strategy is entering its most defining chapter yet.

[JanEmil]

Will end bad.

[Nahid Hossen]

MicroStrategy is entering a decisive phase as signals are turning mixed.

[Rimon Khan]

Green dots show momentum, but the red flags can’t be ignored at this stage.