Michael Saylor's Strategy Lost $18 Billion in Value

Bitcoin Shares on the Decline

Bitcoin treasury firm MicroStrategy (MSTR) has lost 40% of its value since July. However, according to Markus Thielen from 10X Research, a recovery seems near due to upcoming catalysts.

Third Quarter Expectations

Thielen expects the company to announce a profit of $3.6 billion for the third quarter. This will stem from Bitcoin mark-to-market gains.

Potential Inclusion in the S&P 500

The company’s inclusion in the S&P 500 index could create a $28 billion buying pressure on its shares. Thielen believes this situation could increase investor interest.