$MSTR VERTICAL 260508 PUT 170.

MSTR's investment thesis remains deeply tied to Bitcoin's price trajectory; its Q1 2026 earnings revealed a staggering net loss of $12.77B due to a massive non-cash impairment on its Bitcoin holdings, yet its software revenue of $124.3M exceeded estimates. The stock’s value is now primarily driven by its 641,205 BTC treasury and future capital raises, not its business operations.

MSTR Vertical

05-07 23:08

US172.5/170.0

Side	Price \| Filled	Realized P&L
Debit Close	0.23 1	-- Closed

MSTR VERTICAL 260508 PUT 170.0/PUT 172.5

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Comments

CatherineGunter
05-08 12:02
CatherineGunter
MSTR is basically a levered BTC wrapper now lol, that software beat barely matters. Anyone still pricing the core business here?

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