Bitcoin Price: $97 – 98k (or) £78 – 79k
Fear & Greed: 73
Hashrate: 872 EH/s
Nodes: 20,600
MSTR Price: $339

Microstrategy has pulled back in price and it has been announced that they are now trying to raise $2 billion in preferred stock. I am not going to go into the details here on what a ‘preferred share’ is, but just know that they carry more benefits than a common share or stock. What is worth pointing out though is that the target buyers for preferred stock are insurance companies, pension funds, mutual funds and banks.

They are a vehicle for institutional adoption.

It’s also worth remembering that MSTR has a major advantage here. They are one of, if not the largest holder of Bitcoin just shy of Satoshi’s wallet itself and their accumulation of Bitcoin is only going to continue. I’ve suspect for a while that Michael Saylor is in the know in some circles. His recent presence at Mar-a-Lago is confirmation of this. With Trump pushing for a Bitcoin Strategic Reserve, Michael Saylor and MSTR will be pivotal in its roll out.