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 in 2025, SqlinSix terminated the experiment within 2025.

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. However, a high risk investment may result in a high return. Unfortunately, nothing in life is guaranteed except death, making any prediction about what could happen speculation.

However, SqlinSix viewed the costs of Strategy (MSTR) at the beginning of 2025 as extremely high relative to other possibilities. In addition, SqlinSix noted that people who invested in MSTR lost time reading about it along with watching (or listening to) podcasts. SqlinSix viewed the costs as extending beyond simply money - people were losing life energy.

SqlinSix quickly determined the case for and against Strategy (MSTR) at the start of 2025. SqlinSix then executed its position.

SqlinSix lost less than 3 hours in all of 2025 contemplating Strategy (MSTR). After reviewing the case for MSTR, along with its price on January (and its ending price when SqlinSix terminated the experiment), it lost no other time thinking about MSTR. This point cannot be missed, as people lose hours of their life on something that they're unlikely to remember on their deathbed.

SqlinSix notes this about all investments. No investment is worth too much of your time, especially if that investment doesn't deliver results that made your time worth it. Never forget this.

Research: Strategy (MSTR)