Strategy copycat Satsuma crashed 99%, liquidated treasury
Mark Moss’ Satsuma Technology sold all 669 of its BTC and will return £30.7M after the company crashed 99% from its 2025 peak.
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Strategy dumps 3,500 BTC in largest sale… yet
After predicting a rally that didn’t arrive, Michael Saylor waited for a 52% drawdown and sold at a loss to Strategy’s BTC cost basis.
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.
Michael Saylor thinks quantum could reduce bitcoin’s supply by 23%
Michael Saylor thinks that an upcoming quantum hard fork could reduce the supply of BTC from 21M to as low as 16M.
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.
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.