We calculated the present value of STRC — it’s bad for MSTR
We calculated the present value of STRC and compared it to various metrics that reveal the difficult math behind BTC yield.
Read more (9 min) →Results for Spotlight, Bitcoin, MicroStrategy
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Michael Saylor: We can solve quantum by freezing Satoshi’s BTC
Michael Saylor’s latest tweet about hard forking BTC for quantum security has his followers hoping it’s AI slop.
Top crypto execs cash in as stocks collapse
Compensation to executives of crypto companies has remained high, no matter how poorly their stock prices perform.
CHART: mNAV down across bitcoin treasury companies
The premium that investors are paying for BTC treasury companies continues to decline. In other words, mNAV compression is real.
MSTR outperformed bitcoin on just 22 days in the past year
MSTR investors have grown accustomed to outperforming BTC, but they've actually underperformed it for 90% of the past year.
Are bitcoin treasuries mirroring the 1929 investment trust collapse?
Bitcoin (BTC) treasury companies today share certain similarities with mania of US investment trusts from the Roaring ‘20s.
The global web tied to MicroStrategy’s $71B bitcoin stash
Securities, funds, and derivaties tied to MicroStrategy (MSTR) and its bitcoin are almost too numerous to count.
Has the bitcoin treasury company bubble popped?
Bitcoin treasury company mania was a unique moment in time in early May 2025. However, shares are now fading as rationality returns.
Five tricks to using investor funds to buy bitcoin
Michael Saylor has made no secret of his BTC accumulation strategy and wants his fans to believe he can accomplish accretive dilution.
Saylor to Jim Chanos: Three ways your MSTR short is doomed
Jim Chanos believes that MicroStrategy’s multiple to its BTC holdings will erode over time. Michael Saylor disagrees.