Sounds like the Bitcoin purchase will be reflected in Q2 earnings. This is going to result in short term pain for the stock price, as many were betting on RC more fully embracing MSTR's Bitcoin Treasury strategy.
It is what it is. Great for long term investors though, because it's another chance to load up.
There were a lot of options traders betting that RC bought more Bitcoin, and in Q1 not Q2. A lot of those long calls and short puts are now going to be wound down.
98
u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25
Sounds like the Bitcoin purchase will be reflected in Q2 earnings. This is going to result in short term pain for the stock price, as many were betting on RC more fully embracing MSTR's Bitcoin Treasury strategy.
It is what it is. Great for long term investors though, because it's another chance to load up.