2026 Q2 -tulosraportti
26 päivää sitten
‧2 t 34 min
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 30.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 30.7. | ||
Vuosittainen yhtiökokous 2026 8.6. | ||
2026 Q1 -tulosraportti 5.5. | ||
2025 Q4 -tulosraportti 5.2. | ||
2025 Q3 -tulosraportti 30.10.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·4 t sittenCrazy that MSTR isn't at approx. 180 dollar like when bitcoin was at 80k dollars in May. Does anyone have a theory why?
2 t sittenThere is a sense of distrust towards Saylor at the moment, he is in the spotlight. Once the bull market starts for real, and STRC goes back on par, and Strategy goes back to full control, then everybody will FOMO back in and we will see real jumps.
·13 t sittenWe are damn grateful for the green numbers 🗣️ if you agree then hit a like and continue on the green 🌊🚀
·19 t sittenSlowMoney and I are receiving quite a few negative comments these days about MSTR, dilution, and Strategy’s preferred strategy. Criticism is completely fair, and there are certainly things Strategy is doing right now that one should keep an eye on. But at the same time, I think many are evaluating a multi-year strategy based on how the stock has performed in the last 2-3 months. Yes, Strategy has issued a lot of MSTR shares. And yes, BTC per share can fall at times if the number of shares grows faster than the BTC holdings. This is, of course, not optimal for us common shareholders. But that doesn't automatically mean the strategy has failed. The crucial thing is what Strategy gains from the capital they raise, and how BTC/NAV per share develops over a longer period. In Q2, for example, Strategy reported +5 % Bitcoin Per Share while BTC holdings grew 11 %, convertible debt was reduced, and the USD reserve was strengthened. The same applies to preferreds. I see the argument that preferreds are just “expensive debt” that MSTR shareholders have to pay. But that's not entirely how the capital structure works. There is no free financing. If Strategy uses common ATM, we pay through dilution. If they use debt, they pay interest and incur refinancing risk. If they use preferreds, they pay dividends, but at the same time avoid the same direct common dilution. Therefore, one cannot both criticize Strategy for issuing too many MSTR shares and at the same time argue that they should have just financed everything through even more MSTR ATM. The whole idea is precisely to build more capital markets around Bitcoin and be able to choose the form of financing that makes the most sense at the given time. Preferreds are not risk-free. Dividends must be paid, and if Strategy raises capital at a higher cost than long-term value creation can justify, we have a problem. But that's the calculation we need to discuss – not just state that preferreds have a coupon and are therefore bad. Strategy has also built up billion-dollar reserves in USD for interest and preferred dividends and is actively working with the capital structure, including repurchasing STRC below par. And that brings us to why I personally am not overly concerned about whether MSTR is at $120, $150, or $180 right now: My thesis does not stop in 2026. If one believes Bitcoin will still be around $70-80k in 2028-2029, then I understand why MSTR looks less interesting. But that is not my Bitcoin thesis. I expect a significantly higher Bitcoin level towards 2028-2029. And if Strategy simultaneously continues accumulation and at that time, for example, controls 1.2-1.6 million BTC, the calculation changes completely. Just take an illustrative scenario: 1.3 million BTC × $400,000 = $520 billion in BTC value. At an mNAV of 2.5, this corresponds to about $1.3 trillion in value before the necessary adjustments for preferreds, debt, cash, etc. Even with very significant additional common dilution, in such a scenario, one begins to be able to calculate MSTR prices around and above $3,000. At 1.6 million BTC and BTC $450,000, the BTC holdings alone will be around $720 billion. That is why I believe that MSTR over $3,000 in 2028-2029 is a realistic bull scenario if the Bitcoin thesis plays out, Strategy continues accumulation, the capital structure remains manageable, and the market again gives MSTR a significant NAV premium. I am not saying that $3,000 is guaranteed. That would be unserious. There are several variables – BTC price, dilution, preferreds, debt, and especially mNAV. But when one's investment case is built on BTC in several hundred thousand dollars and a much larger BTC holding at Strategy, it also doesn't make much sense to judge the case solely on whether MSTR should cost $180 in August 2026. That is the difference in our perspectives. Some see: BTC $78k → MSTR $120 → “MSTR has failed.” I see: How many BTC will Strategy own in 2028-2029? What is BTC worth? How much common dilution has been necessary? What is net NAV per share? And what multiple does the market give that capital machine? If BTC/share continues to fall structurally year after year, capital costs explode, and Strategy cannot create value from the capital raised, then the case must, of course, be re-evaluated. But we are not there yet. I actually think it's healthy that people criticize Strategy. I myself follow dilution, BTC/share, preferred obligations, and capital costs very closely. But I am not going to change a multi-year Bitcoin/MSTR thesis because the stock underperforms Bitcoin for a few months in the middle of an aggressive capital raising phase. I am not buying MSTR for August 2026. I am buying MSTR for the scenario I believe can exist in 2028-2029. And if the Bitcoin thesis plays out, I still believe there is a real path to MSTR $3,000+. If not more. That is the bigger picture I am investing after - nothing is financial advice, do your own research.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
26 päivää sitten
‧2 t 34 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·4 t sittenCrazy that MSTR isn't at approx. 180 dollar like when bitcoin was at 80k dollars in May. Does anyone have a theory why?2 t sittenThere is a sense of distrust towards Saylor at the moment, he is in the spotlight. Once the bull market starts for real, and STRC goes back on par, and Strategy goes back to full control, then everybody will FOMO back in and we will see real jumps.
- ·13 t sittenWe are damn grateful for the green numbers 🗣️ if you agree then hit a like and continue on the green 🌊🚀
- ·19 t sittenSlowMoney and I are receiving quite a few negative comments these days about MSTR, dilution, and Strategy’s preferred strategy. Criticism is completely fair, and there are certainly things Strategy is doing right now that one should keep an eye on. But at the same time, I think many are evaluating a multi-year strategy based on how the stock has performed in the last 2-3 months. Yes, Strategy has issued a lot of MSTR shares. And yes, BTC per share can fall at times if the number of shares grows faster than the BTC holdings. This is, of course, not optimal for us common shareholders. But that doesn't automatically mean the strategy has failed. The crucial thing is what Strategy gains from the capital they raise, and how BTC/NAV per share develops over a longer period. In Q2, for example, Strategy reported +5 % Bitcoin Per Share while BTC holdings grew 11 %, convertible debt was reduced, and the USD reserve was strengthened. The same applies to preferreds. I see the argument that preferreds are just “expensive debt” that MSTR shareholders have to pay. But that's not entirely how the capital structure works. There is no free financing. If Strategy uses common ATM, we pay through dilution. If they use debt, they pay interest and incur refinancing risk. If they use preferreds, they pay dividends, but at the same time avoid the same direct common dilution. Therefore, one cannot both criticize Strategy for issuing too many MSTR shares and at the same time argue that they should have just financed everything through even more MSTR ATM. The whole idea is precisely to build more capital markets around Bitcoin and be able to choose the form of financing that makes the most sense at the given time. Preferreds are not risk-free. Dividends must be paid, and if Strategy raises capital at a higher cost than long-term value creation can justify, we have a problem. But that's the calculation we need to discuss – not just state that preferreds have a coupon and are therefore bad. Strategy has also built up billion-dollar reserves in USD for interest and preferred dividends and is actively working with the capital structure, including repurchasing STRC below par. And that brings us to why I personally am not overly concerned about whether MSTR is at $120, $150, or $180 right now: My thesis does not stop in 2026. If one believes Bitcoin will still be around $70-80k in 2028-2029, then I understand why MSTR looks less interesting. But that is not my Bitcoin thesis. I expect a significantly higher Bitcoin level towards 2028-2029. And if Strategy simultaneously continues accumulation and at that time, for example, controls 1.2-1.6 million BTC, the calculation changes completely. Just take an illustrative scenario: 1.3 million BTC × $400,000 = $520 billion in BTC value. At an mNAV of 2.5, this corresponds to about $1.3 trillion in value before the necessary adjustments for preferreds, debt, cash, etc. Even with very significant additional common dilution, in such a scenario, one begins to be able to calculate MSTR prices around and above $3,000. At 1.6 million BTC and BTC $450,000, the BTC holdings alone will be around $720 billion. That is why I believe that MSTR over $3,000 in 2028-2029 is a realistic bull scenario if the Bitcoin thesis plays out, Strategy continues accumulation, the capital structure remains manageable, and the market again gives MSTR a significant NAV premium. I am not saying that $3,000 is guaranteed. That would be unserious. There are several variables – BTC price, dilution, preferreds, debt, and especially mNAV. But when one's investment case is built on BTC in several hundred thousand dollars and a much larger BTC holding at Strategy, it also doesn't make much sense to judge the case solely on whether MSTR should cost $180 in August 2026. That is the difference in our perspectives. Some see: BTC $78k → MSTR $120 → “MSTR has failed.” I see: How many BTC will Strategy own in 2028-2029? What is BTC worth? How much common dilution has been necessary? What is net NAV per share? And what multiple does the market give that capital machine? If BTC/share continues to fall structurally year after year, capital costs explode, and Strategy cannot create value from the capital raised, then the case must, of course, be re-evaluated. But we are not there yet. I actually think it's healthy that people criticize Strategy. I myself follow dilution, BTC/share, preferred obligations, and capital costs very closely. But I am not going to change a multi-year Bitcoin/MSTR thesis because the stock underperforms Bitcoin for a few months in the middle of an aggressive capital raising phase. I am not buying MSTR for August 2026. I am buying MSTR for the scenario I believe can exist in 2028-2029. And if the Bitcoin thesis plays out, I still believe there is a real path to MSTR $3,000+. If not more. That is the bigger picture I am investing after - nothing is financial advice, do your own research.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 30.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 30.7. | ||
Vuosittainen yhtiökokous 2026 8.6. | ||
2026 Q1 -tulosraportti 5.5. | ||
2025 Q4 -tulosraportti 5.2. | ||
2025 Q3 -tulosraportti 30.10.2025 |
2026 Q2 -tulosraportti
26 päivää sitten
‧2 t 34 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 30.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 30.7. | ||
Vuosittainen yhtiökokous 2026 8.6. | ||
2026 Q1 -tulosraportti 5.5. | ||
2025 Q4 -tulosraportti 5.2. | ||
2025 Q3 -tulosraportti 30.10.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·4 t sittenCrazy that MSTR isn't at approx. 180 dollar like when bitcoin was at 80k dollars in May. Does anyone have a theory why?2 t sittenThere is a sense of distrust towards Saylor at the moment, he is in the spotlight. Once the bull market starts for real, and STRC goes back on par, and Strategy goes back to full control, then everybody will FOMO back in and we will see real jumps.
- ·13 t sittenWe are damn grateful for the green numbers 🗣️ if you agree then hit a like and continue on the green 🌊🚀
- ·19 t sittenSlowMoney and I are receiving quite a few negative comments these days about MSTR, dilution, and Strategy’s preferred strategy. Criticism is completely fair, and there are certainly things Strategy is doing right now that one should keep an eye on. But at the same time, I think many are evaluating a multi-year strategy based on how the stock has performed in the last 2-3 months. Yes, Strategy has issued a lot of MSTR shares. And yes, BTC per share can fall at times if the number of shares grows faster than the BTC holdings. This is, of course, not optimal for us common shareholders. But that doesn't automatically mean the strategy has failed. The crucial thing is what Strategy gains from the capital they raise, and how BTC/NAV per share develops over a longer period. In Q2, for example, Strategy reported +5 % Bitcoin Per Share while BTC holdings grew 11 %, convertible debt was reduced, and the USD reserve was strengthened. The same applies to preferreds. I see the argument that preferreds are just “expensive debt” that MSTR shareholders have to pay. But that's not entirely how the capital structure works. There is no free financing. If Strategy uses common ATM, we pay through dilution. If they use debt, they pay interest and incur refinancing risk. If they use preferreds, they pay dividends, but at the same time avoid the same direct common dilution. Therefore, one cannot both criticize Strategy for issuing too many MSTR shares and at the same time argue that they should have just financed everything through even more MSTR ATM. The whole idea is precisely to build more capital markets around Bitcoin and be able to choose the form of financing that makes the most sense at the given time. Preferreds are not risk-free. Dividends must be paid, and if Strategy raises capital at a higher cost than long-term value creation can justify, we have a problem. But that's the calculation we need to discuss – not just state that preferreds have a coupon and are therefore bad. Strategy has also built up billion-dollar reserves in USD for interest and preferred dividends and is actively working with the capital structure, including repurchasing STRC below par. And that brings us to why I personally am not overly concerned about whether MSTR is at $120, $150, or $180 right now: My thesis does not stop in 2026. If one believes Bitcoin will still be around $70-80k in 2028-2029, then I understand why MSTR looks less interesting. But that is not my Bitcoin thesis. I expect a significantly higher Bitcoin level towards 2028-2029. And if Strategy simultaneously continues accumulation and at that time, for example, controls 1.2-1.6 million BTC, the calculation changes completely. Just take an illustrative scenario: 1.3 million BTC × $400,000 = $520 billion in BTC value. At an mNAV of 2.5, this corresponds to about $1.3 trillion in value before the necessary adjustments for preferreds, debt, cash, etc. Even with very significant additional common dilution, in such a scenario, one begins to be able to calculate MSTR prices around and above $3,000. At 1.6 million BTC and BTC $450,000, the BTC holdings alone will be around $720 billion. That is why I believe that MSTR over $3,000 in 2028-2029 is a realistic bull scenario if the Bitcoin thesis plays out, Strategy continues accumulation, the capital structure remains manageable, and the market again gives MSTR a significant NAV premium. I am not saying that $3,000 is guaranteed. That would be unserious. There are several variables – BTC price, dilution, preferreds, debt, and especially mNAV. But when one's investment case is built on BTC in several hundred thousand dollars and a much larger BTC holding at Strategy, it also doesn't make much sense to judge the case solely on whether MSTR should cost $180 in August 2026. That is the difference in our perspectives. Some see: BTC $78k → MSTR $120 → “MSTR has failed.” I see: How many BTC will Strategy own in 2028-2029? What is BTC worth? How much common dilution has been necessary? What is net NAV per share? And what multiple does the market give that capital machine? If BTC/share continues to fall structurally year after year, capital costs explode, and Strategy cannot create value from the capital raised, then the case must, of course, be re-evaluated. But we are not there yet. I actually think it's healthy that people criticize Strategy. I myself follow dilution, BTC/share, preferred obligations, and capital costs very closely. But I am not going to change a multi-year Bitcoin/MSTR thesis because the stock underperforms Bitcoin for a few months in the middle of an aggressive capital raising phase. I am not buying MSTR for August 2026. I am buying MSTR for the scenario I believe can exist in 2028-2029. And if the Bitcoin thesis plays out, I still believe there is a real path to MSTR $3,000+. If not more. That is the bigger picture I am investing after - nothing is financial advice, do your own research.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt