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MicroStrategy Incorporated (MSTR): A Bear Case Theory

We came across a bearish thesis on MicroStrategy Incorporated (MSTR) on Monopolistic Investor’s Substack by Antoni Nabzdyk. In this article, we will summarize the bears’ thesis on MSTR. MicroStrategy Incorporated (MSTR)'s share was trading at $328.40 as of Jan 13th.

MicroStrategy, the largest corporate holder of Bitcoin, has made headlines for its significant cryptocurrency holdings, but its core business is centered around business intelligence software that leverages AI to help businesses analyze data. Despite its well-known customer base, including Visa and Amica, MicroStrategy...