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.
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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.
Read more (3 min) →Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.
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.
MSTR investors have grown accustomed to outperforming BTC, but they've actually underperformed it for 90% of the past year.
MicroStrategy investors have started to notice that their leveraged treasury stock is starting to underperform BTC.
Bitcoin (BTC) treasury companies today share certain similarities with mania of US investment trusts from the Roaring ‘20s.
Securities, funds, and derivaties tied to MicroStrategy (MSTR) and its bitcoin are almost too numerous to count.
Banking has been a vision of the Bitcoin community since 2010. Michael Saylor wants to make that prediction come true at MicroStrategy.
Michael Saylor has made no secret of his BTC accumulation strategy and wants his fans to believe he can accomplish accretive dilution.
A $1,000 investment at the start of the year would have resulted in a $5,300 MetaPlanet position versus $1,270 for MicroStrategy.