As of 6/16/25, $MSTR is sitting on roughly $13.9 Billion quarterly gain, which will flow through to Net Income. Walmart's ($WMT) Net Income over the last 12 months was $18.8 Billion. They are the 10th largest publicly traded company in the USA ($757B market cap)... Even the 63,915 Bitcoin that $MSTR purchased this quarter have a current gain of $669 Million. Palantir ($PLTR) Net Income over the last 12 months was $571 Million. They are the 24th largest publicly traded company in the USA ($335B market cap)... Assuming BTC closes Q2 (June 30th) > $94,000 ish, $MSTR would post their first POSITIVE FASB Fair Value accounting quarter ever, and qualify for the S&P 500 for the first time EVER. This would be $MSTR's first earnings report with > $500M gain in company history. If today's Bitcoin prices hold, this would blow out $MSTR's largest historical net Income quarter (Q1 2023: $461M) by 30x. This will be the FIRST time the broader TradFi ecosystem will see the real GAAP ACCOUNTING power of adding Bitcoin to the balance sheet. Many that have looked at $MSTR's stock performance and tried to match it to GAAP financials have been completely Bewildered & write it off as a "Ponzi" without digging any deeper. This phenomenon all changes this quarter. I think many algos have this Bitcoin valuation priced in; however, I believe there are a decent cohort of them that do not. An algo is only as good as the coder / team that puts it in place... This can result in a whipsaw of volatility as a new extremely powerful Bitcoin denominated asset gets repriced in an archaic Fiat denominated system (P/E ratios, PEG Ratios, P/B ratios / etc). I also believe there's a MONUMENTAL amount of large capital in Traditional Finance that will FINALLY wake up once $MSTR's Bitcoin is FAIRLY accounted for in GAAP financials. Bitcoin can no longer be ignored. There are 11 trading days left in the quarter, 15 for Bitcoin. We're in the final days of being able to front run those that have front run us for decades. Bitcoin and $MSTR are going 🟩👆🏼Higher
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