Strategy’s BTC Yield turns negative for first time in years
The BTC Yield of MSTR stock in Michael Saylor’s treasury company, Strategy, has turned negative this quarter for the first time in years.
Results for Spotlight, MSTR
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— Michael Saylor, MicroStrategy
Beginning of the end? Strategy dilutes MSTR, slashes EPS guidance 76%
Michael Saylor's Strategy has slashed its EPS guidance and diluted its MSTR shareholders without purchasing BTC.
— Michael Saylor, MicroStrategy
S&P 500 declines to add Strategy again
S&P Dow Jones Indices didn't add Strategy to its S&P 500 Index in its November 24 announcement. The next possibility is December 5.
— Michael Saylor, MicroStrategy
Jim Chanos missed out on extra 85% annualized from MSTR short
Jim Chanos profited by shorting the premium of MSTR to its BTC, but he missed out on the final, exceptionally profitable leg of that trade.
— Michael Saylor, MicroStrategy
Strategy’s market cap falls below value of its bitcoin holdings
Strategy investors invented the term "mNAV" to boast about overpaying for MSTR stock. That came back to haunt them.
— Michael Saylor, MicroStrategy
Strategy’s preferred shares spell out an unfortunate acronym: FCKD
Several people have cheered on the FCKD joke, encouraging Saylor to issue a preferred stock with the ticker symbol STRU.
— Michael Saylor, MicroStrategy
Strategy needs to pay $689M a year to not sell bitcoin
Strategy has to pay $689M to not sell any of its BTC, and those costs have increased every quarter since 2021.
Strategy’s mNAV falls to 19-month low as BTC outperforms
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.
— Michael Saylor, MicroStrategy
Strategy hasn’t sold any STRC through ATM since July
Michael Saylor has been particularly optimistic about expanding STRC domestically and abroad, yet his STRC ATM sales to date are $0.
MSTR down $8B this quarter despite inflows from global institutions
Despite persistent purchases and tens of billions of dollars worth of institutional ownership, MSTR is nowhere close to an all-time high.