Strategy authorizes massive BTC sale after 52-week lows
Strategy announces unprecedented plan to sell BTC to pay for dividends and buy-back MSTR, STRC, and its other stocks.
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Bitcoin mortgages debut with 60% haircut and no margin calls
After an initial 60% haircut on its market value, BTC-backed mortgages feature no further margin calls or collateral top-ups.
Ambitious developers are biggest risk to Bitcoin, says Michael Saylor
Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.
Michael Saylor doesn’t believe BTC is digital money
Michael Saylor has a new definition of digital money, and it is not BTC. Conveniently, it’s also a sales pitch for STRC.
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.
Is the Swiss National Bank cozying up to bitcoin?
The Swiss National Bank is reportedly increasing its "indirect" exposure to BTC through BTC-related stocks.
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.
CHART: Strategy’s BTC growth slows to multi-year low
Strategy has been adding BTC to its treasury at its slowest rate in five years. Worse, its mNAV is also falling.
Strategy’s mNAV falls to 19-month low as BTC outperforms
Strategy common shares have fallen to a 19-month low multiple-to-Net Asset Value. The basic mNAV of MSTR is now just 1.21x.
94% of Strategy’s bitcoin buys since August were from diluting MSTR
Since Strategy removed a ban on ATM share sales between 1-2.5x mNAV six weeks ago, MSTR dilution has paid for 94% of its BTC purchases.