Arca CIO: MSTR's Biggest Risk Is BTC Rising While the Stock Remains Stagnant

AIcoin2026/01/12 08:02

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Arca Chief Investment Officer Jeff Dorman stated on the X platform that the biggest risk facing MSTR is not being removed from MSCI or a drop in BTC price. Being removed from MSCI has a minimal impact on the stock and is irrelevant to BTC; MSTR has more than two years of cash reserves and no forced sale clauses, so a decline in BTC price will not force MSTR to sell. He believes the real risk lies in BTC price rising while MSTR stock price stagnates. If MSTR no longer tracks BTC price and trades far below mNAV, it will be unable to raise funds through ATM and may need to consider selling BTC to buy back shares.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/10/29 20:44