Letters by company
Strategy Inc
3 letters discussing MSTR. Everything written about it on this site is on its ticker page.
- Lansing Street Advisors Q2 2026 Letter – Dust in the Wind Lansing Street Advisors frames the AI buildout as a capital-intensive known unknown, warning that infrastructure spending and cheap Chinese models could produce a price war before durable winners emerge. It argues that rolling speculative bubbles do not yet resemble the internet bubble, and favors diversification, patience and discipline over chasing market leadership. Q2 2026 MSTR $59B
- Bireme Capital 2Q22 FV Quarterly Report Bireme Capital argues inflation will force tighter policy, compress corporate profits and prolong pressure on risk assets, while its short book targets speculative companies. It keeps HCA as a major holding on its scale, cash generation and buybacks, covered Affirm, and remains short fuboTV, GameStop and MicroStrategy. 2Q22 HCA $96BAFRM $25BFUBO $962M
- GreenWood Investors First Half 2025 Letter: Durability & Balance GreenWood Investors argues that board-level ownership and durable industry tailwinds are driving value creation at Leonardo and CTT, while management teams expand defense systems, e-commerce logistics and banking opportunities. The firm launched a Swatch coinvestment, pressed for governance reform, and repositioned MEI Pharma around a Litecoin treasury strategy after its clinical assets failed to meet the board’s threshold. First Half 2025 CTTOF $862MFINMF $30BSWGAF $11B
