Everyone talks about how dangerous it is to be sidelined during Bitcoin's handful of monster days. MSTR is on another planet. I ran the numbers from August 10, 2020 through August 27, 2026: MSTR: +1,012% Remove its 10 best trading days: +21.7%. WILD. Out of 1,519 trading sessions, just 10 days - 0.66% of the entire sample - accounted for roughly 92% of MSTR's cumulative log return. Bitcoin over the same period: Full return: +575% Without its 10 best days: +108% MSTR's 10 best days averaged an absolutely psychotic +24.8% PER DAY. Bitcoin's averaged +12.5%. And here's the part that is PSYCHOTIC: only 2 of MSTR's 10 best days were also among Bitcoin's 10 best days. Bitcoin moves. Then the treasury value moves. Then mNAV expectations move. Then capital-market optionality moves. Then positioning moves. Then some poor bastard who sold MSTR on Tuesday because the chart "looked extended" wakes up Thursday morning and discovers the stock has teleported into another ZIP code. You can be right about Bitcoin. You can be right about MSTR. And you can still absolutely incinerate yourself trying to get cute with the 0.66% of days that actually matter: