Michael Saylor is throwing a bitcoin party for NYE, and you’re not invited
For years, Michael Saylor has promised a ‘very expensive’ party to celebrate BTC hitting $100K. He will host it on New Year’s Eve.
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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.
Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.
Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.
In 2023, MicroStrategy’s average bitcoin purchase price was near $30,000. Today, that average has jumped to near $50,000.