CHART: Bitcoin crashes toward Strategy (MSTR) cost basis
The cost basis of Strategy's bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.
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The cost basis of Strategy's bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.
Investors dumped Strategy (formerly MicroStrategy) stock following Michael Saylor’s four most recent bitcoin purchase announcements.
Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor's "$100K" New Year's Eve party.
In November 2022, MicroStrategy had liquidation prices on its bitcoin that the crash almost triggered. Nowadays, its debts are different.
For years, Michael Saylor has promised a ‘very expensive’ party to celebrate BTC hitting $100K. He will host it on New Year’s Eve.
Bearish onlookers are increasingly skeptical that MicroStrategy’s flywheel of bitcoin accretion per diluted share can continue much longer.
MicroStrategy’s premium to its bitcoin holdings, sometimes called its NAV premium, has dropped one-third from its November all-time high.
The MicroStrategy chief advised the US government to purposefully dump its gold reserves solely to acquire over one-fifth of bitcoin’s supply.
Bitcoin hit an all-time high above $100K on Wednesday, yet MicroStrategy fell 4.8% the following day and closed 28% below its all-time high.
Irresponsibly Long MSTR members think that Michael Saylor will discover “genius ways” to financialize MicroStrategy's bitcoin holdings.