— Michael Saylor, MicroStrategy
Strategy paid $100M extra to buy back the bitcoin it sold
Strategy spent recent weeks rebuying 5,553 of the BTC it sold this summer. After selling low and re-buying high, the cost exceeds $100M.
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— Michael Saylor, MicroStrategy
Strategy spent recent weeks rebuying 5,553 of the BTC it sold this summer. After selling low and re-buying high, the cost exceeds $100M.
Read more (2 min) →— Michael Saylor, MicroStrategy
Strategy’s basic mNAV stood at 2.04x two years ago. On Wednesday it read 0.68x, a decline of exactly two-thirds.
Strategy announces unprecedented plan to sell BTC to pay for dividends and buy-back MSTR, STRC, and its other stocks.
— Michael Saylor, MicroStrategy
Strategy’s dividend-paying STRC hit another all-time low today after losing one quarter of its value over the past 30 days alone.
— Michael Saylor, MicroStrategy
BTC fell 4.4% within 24 hours of Strategy disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.
— Michael Saylor, MicroStrategy
Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.
— Michael Saylor, MicroStrategy
The CEO of Strategy has made $37 million in total compensation over the past three years while buying less than $20,000 in STRC for his kids.
— Michael Saylor, MicroStrategy
Strategy’s bitcoin acquisition strategy has cost over $1 billion and it has generated annual returns of just 1%.
A possible interplay of Strategy STRC issuances is creating an uptick in short-selling demand for MSTR.
We calculated the present value of STRC and compared it to various metrics that reveal the difficult math behind BTC yield.