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Adam Livingston discusses the relationship between the premium on Strategy shares and their performance versus Bitcoin.
He explains that paying a premium to buy a Bitcoin treasury stock does not automatically mean the investment is a poor entry, as this is only one part of the overall assessment. According to Livingston, it is also important to consider how much CEBE per share an investor retains at the end of their holding period.
Livingston previously said that Strategy’s prospects for joining the S&P 500 depend on the company achieving GAAP profitability and becoming an institutional capital markets player, according to a recent article. He has also noted that Bitcoin holders have faced severe market drawdowns and major industry disruptions in the past, as described in a separate piece. These comments provide context for his latest views on portfolio entry timing and risk.