I’ve said it since the rip!! MSTR is the modern day 🌷!! But what do I know… IM NOT VERIFIED, dont have a major following, not a billionaire!! I’m nothing more than 1 of ~200 people in the world using Bitcoin in 2011… There is NOTHING I could possibly know of any important or relevance!! Nope 👎🏻
The MSTR holders are likely to be the most bullish on BTC/USD, and hence a good 2025 was already priced into the MSTR
The holders of the bonds might have been less optimistic, and hence those prices could increase more with good BTC/USD news
(Just my random guess. Anybody can make up a story to fit any data 🙂)