Recently, I noticed that MSTR's stock price performance has been a bit unusual - the decline has actually exceeded that of the adjustment in February and March of this year, which has led me to reevaluate whether there have been any changes in its business model.

After reviewing a deep analysis from a senior analyst in the circle, it's written quite straightforwardly and is worth a look for friends interested in this asset.

By the way, regarding the debt: remember that their debt maturity dates are mainly concentrated after 28 years. There was a maturity before 27 years, which was cleared by that CEO in advance, so the short-term liquidity pressure is actually not that big. However, with the stock price falling like this, the market sentiment really needs some time to digest.