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.
Results for Spotlight, MSTR
62 stories, newest first
— Michael Saylor, MicroStrategy
How much pain can Strategy take before debt exceeds bitcoin?
Strategy (MSTR) owes $8.2 billion to creditors. Bitcoin needs to stay above a certain price for Michael Saylor to service these debts.
Michael Saylor’s bitcoin announcements no longer seem to pump MSTR stock
Investors dumped Strategy (formerly MicroStrategy) stock following Michael Saylor’s four most recent bitcoin purchase announcements.
— Michael Saylor, MicroStrategy
MicroStrategy blackout period could freeze bitcoin buys in January
Any blackout could devastate MicroStrategy investors who have come to expect weekly BTC buys from Executive Chairman Michael Saylor.
MicroStrategy bitcoin purchases aren’t stopping premium decline
MicroStrategy’s premium to its bitcoin holdings, sometimes called its NAV premium, has dropped one-third from its November all-time high.
Why is MicroStrategy nowhere close to its all-time high, unlike bitcoin?
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.
The math behind MicroStrategy’s bitcoin bet
Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
Michael Saylor has lost voting control of MicroStrategy
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.
Is retail back or is MicroStrategy only pumping the price of bitcoin?
In 2023, MicroStrategy’s average bitcoin purchase price was near $30,000. Today, that average has jumped to near $50,000.
MicroStrategy investors cheer bitcoin ‘yield’ — but few read fine print
MicroStrategy executives boasted about the ability to yield higher bitcoin exposure per MSTR share over time. We read the fine print.