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.
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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.
Bitcoin Treasuries NYC Unconference attendees hoped for a better answer from Michael Saylor about the ongoing Core vs. Knots debate.
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.
Purchase announcements by BTC treasury companies led by Donald Trump, Michael Saylor, and others exceed $3B today.
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.
Bitcoin treasury company mania was a unique moment in time in early May 2025. However, shares are now fading as rationality returns.
Michael Saylor has made no secret of his BTC accumulation strategy and wants his fans to believe he can accomplish accretive dilution.