The analysis from my friends is quite rational. Indeed, many voices in the market feel that $MSTR has too many ATMs, leading to significant price pressure. Currently, MSTR is both releasing excessive ATMs and reducing premiums. Although entering the Nasdaq 100 on the 23rd may not necessarily bring in a large amount of capital, overall, it is beneficial for MSTR. Optimistically, after this batch of ATMs ends, there should be opportunities.

As for MSTR, my personal view remains consistent: it is currently the only asset that can benchmark #BTC in the United States, without exception.

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