December 5 is the announcement of the rebalancing for S&P 500 and Strategy once again qualifies for it. On average, bitcoin goes up about 60% in Q4. Which would theoretically take Bitcoin to $180k. Conservatively say Bitcoin is at $150k, with 650,000 BTC, that would be 117B value. Say with an mNAV conservatively of 1.5x, it would be knocking on the top 50th biggest US companies by market cap. It would be extremely hard to turn that down plus Bitcoin at all time highs. Crypto is already in the S&P 500. More favourable news the company does not expect to be subject to CAMT which would save the company billions. I have the Tesla analogy stuck in my head, with rejection in September, approval in December.(James Van Straten)