According to @StockMarketNerd, 12 late-cycle warning signs now visible include obsession with year-to-date return charts, “investing is easy” narratives, questioning Berkshire’s relevance, normalization of 20x sales multiples, tolerance for pre-revenue business models, $10B+ firms with weak HQs and no scalability, trading equity rights for revenue, loss-making companies signing $300B commitments, the return of SPAC promoters, far-out stretch targets to justify prices, constant capital raising with insider selling, and hostility toward skeptics (Source: @StockMarketNerd on X, Oct 6, 2025 https://twitter.com/StockMarketNerd/status/1975220593231335532). Traders can translate this checklist into risk controls by scrutinizing high-multiple and pre-profit names, monitoring insider activity and capital raises, and being cautious of story-driven deals—an approach that also helps crypto participants evaluate froth in token sales and revenue-less narratives (Source: @StockMarketNerd on X, Oct 6, 2025 https://twitter.com/twitter.com/StockMarketNerd/status/1975220593231335532).

According to @saylor, Strategy has announced a $4.2 billion at-the-market (ATM) program for STRC, allowing the company to issue and sell shares at prevailing market prices. This capital-raising move is expected to enhance liquidity and potentially fuel further business expansion, which could have a positive impact on market sentiment and trading volume for STRC. Crypto traders should monitor STRC price action, as large-scale fundraising events often influence volatility and may present both short-term trading opportunities and longer-term positioning strategies. Source: @saylor.

According to Michael Saylor, an Initial Public Offering (IPO) for a new security called 'Stretch STRC Perpetual Preferred Stock' has been announced. For traders, this development is critical as it likely represents a new mechanism for MicroStrategy to raise capital, consistent with its well-documented strategy of acquiring and holding Bitcoin (BTC). The creation of this perpetual preferred stock could provide the company with a durable source of funding, which may be used to increase its Bitcoin holdings, thereby potentially influencing the price of both MicroStrategy's stock (MSTR) and Bitcoin (BTC) through sustained purchasing activity.

According to Crypto Rover, MicroStrategy is set to issue 5 million more shares to raise capital for the purpose of purchasing additional Bitcoin. This move indicates a strong commitment by MicroStrategy to increase its Bitcoin holdings, potentially impacting Bitcoin's market price positively.

According to The Kobeissi Letter, a significant decline in the price of Bitcoin or $MSTR shares could impede MicroStrategy's ability to raise capital. The company's strategy heavily relies on continuous capital raises to invest in Bitcoin. In a bear market, investor willingness to fund these strategies may decrease. This is crucial for traders as it could affect $MSTR's market performance and Bitcoin's price dynamics.

According to The Kobeissi Letter, the business model of certain entities revolves around raising capital through 0% convertible notes to invest in Bitcoin. The process involves buying Bitcoin to drive its price higher and subsequently selling new shares at a premium to purchase more Bitcoin. This cycle of borrowing, investing, and selling shares is crucial for maintaining their strategy, as cited by The Kobeissi Letter.

According to Miles Deutscher, the premium of MSTR's market cap compared to its underlying BTC holdings has decreased from a high of 3.4 in November to only 1.6 now. This reduction in premium indicates a potential challenge for Michael Saylor to raise capital for further BTC acquisitions, potentially slowing down his purchasing pace.