Before and at the beginning of 2025, the company Strategy (MSTR) received a significant amount of attention because of its bitcoin holdings. In addition, the company continued to accumulate more bitcoins as of early 2025. Strategy also developed financial instruments to accumulate more bitcoins. All of this caught significant attention.

As a demonstration of contrarian thinking, SqlinSix set out to outperform Strategy (MSTR) over a five year period of time. As it turned out, SqlinSix received such significant results, it terminated its experiment within a year.

Terms.

Put contract. A contract that provides the purchaser of the contract the right to sell a specific asset.

Short position. The act of borrowing shares to sell with an expectation the the share price will fall.

Crush position. The act of protected positioning against an asset and interactions it has with other assets. A crush does not use put options or short positions.

Strategy (MSTR) Risks.

SqlinSix views Strategy (MSTR) as a significant introduction of risk. This risk increases when considering complexity theory and how it applies to the involved system in the view of SqlinSix. However, a high risk investment may result in a high return. Unfortunately, nothing in life is guaranteed except death.

Research: Strategy