My 10 year $MSTR earnings growth projection is a CAGR of 50% (net of dilution) Projecting an earnings of $700 Billion in the year 2035 $MSTR current TTM P/E Ratio is ~ 8 Pegging $MSTR's PEG ratio around 0.16 PEG ratios normalize PE ratios relative to the growth in earnings for large tech monopolies and companies with HIGH GROWTH potential. A Peter Lynch creation in the 90's preceding the boom of growth investing PEG stands for Price to Earnings to Growth PEG Ratios of ~ 1 reflect a stock price that is fairly valued relative to its growth projections PEG Ratios of > 1 reflect a stock price that is overvalued PEG Ratios of < 1 reflect a stock price that is undervalued Below are the estimated PEG ratios for the Mag7 (from Grok Deep Think) $NVDA : 0.85 $META: 0.98 $GOOG : 1.05 $AMZN : 1.25 $MSFT : 1.95 $TSLA : 2.5 $AAPL : 2.85 $MSTR : 0.16 🟩👆🏼Higher Earnings matter. Expectation of future earnings matter even more

Josh, MSTR added $12.7B to retained earnings in 2024 With all due respect, you’re wrong, and all of the meaningless websites that follow this stock are also wrong. FASB fair value accounting was adopted in Q1, which resulted in the earnings gain. The accounting rules don’t let them travel back in time and change all of the historical earnings reports I know you know this. We talked about this for the entirety of 2024.