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Adam Livingston discusses the resilience of Strategy shareholders who continue to hold their positions even when the share price is below $100.
Livingston emphasizes that these investors are valued for their understanding of the company and acceptance that dilution can be a necessary step towards a greater long-term outcome.
Livingston previously argued that Strategy’s ambitions to join the S&P 500 depend on achieving institutional legitimacy and GAAP profitability, according to his earlier analysis of the company’s path forward. He has also noted parallels to crypto markets, observing that Bitcoin investors have weathered severe drawdowns and repeated shocks. These earlier assessments provide context for Livingston’s focus on investor resilience.