— 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 has lost two-thirds of its mNAV in two years
Strategy’s basic mNAV stood at 2.04x two years ago. On Wednesday it read 0.68x, a decline of exactly two-thirds.
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.
— Michael Saylor, MicroStrategy
Strategy’s STRC hit another all-time low today
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
Bitcoin plummets to $67K after Strategy sale
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’s USD reserve didn’t last long
Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.
— Michael Saylor, MicroStrategy
Strategy CEO bought $19K of STRC for his kids after making $37M
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 BTC binge has cost it $1 billion in expenses
Strategy’s bitcoin acquisition strategy has cost over $1 billion and it has generated annual returns of just 1%.
Strategy’s STRC gives hedge funds a new reason to short MSTR
A possible interplay of Strategy STRC issuances is creating an uptick in short-selling demand for MSTR.
— Michael Saylor, MicroStrategy
Michael Saylor went from ‘sell a kidney’ to $20 billion loss at Strategy
When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.