MicroStrategy has lost half its BTC premium in 6 months
For more than six months, Michael Saylor's MicroStrategy has failed to attain a new high on its BTC premium per share.
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For more than six months, Michael Saylor's MicroStrategy has failed to attain a new high on its BTC premium per share.
Nakamoto CEO David Bailey has explained the circumstances under which he would sell his treasury of bitcoin.
— Jack Mallers, Michael Saylor
Jack Mallers will serve as the dual CEO of Strike and Twenty One. His new venture already has a post-merger valuation above $9B.
As centralized entities continue to amass bitcoin (BTC), just two corporations now hold more than Satoshi Nakamoto.
Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.
If its finances get much worse or BTC keeps sliding, MicroStrategy could be looking at possibly selling some of its coins by next year.
As BTC crashed below the price at which Michael Saylor suggested selling a kidney, he reminded us that its price never declines in BTC terms.
MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.
MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
— Michael Saylor, MicroStrategy
Although dividend and liquidation preference numbers for Strategy’s STRF appear unchanged, initial buyers are getting a de facto discount.