— Michael Saylor, MicroStrategy
Strategy diluted MSTR by $54M but only bought $46M of bitcoin
Strategy diluted shareholders by $69.5M but bought $45.6M of BTC. These 183,501 extra shares accreted less than the proceeds to its treasury.
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— Michael Saylor, MicroStrategy
Strategy diluted shareholders by $69.5M but bought $45.6M of BTC. These 183,501 extra shares accreted less than the proceeds to its treasury.
— Michael Saylor, MicroStrategy
Strategy released its Q3 earnings yesterday, spending vast amounts of time on its newest, (and relatively small) preferred stock, STRC.
— Michael Saylor, MicroStrategy
Strategy is reporting earnings today after the market close. Here are the top seven things investors expect to learn.
The premium that investors are paying for BTC treasury companies continues to decline. In other words, mNAV compression is real.
— Michael Saylor, MicroStrategy
Michael Saylor has been particularly optimistic about expanding STRC domestically and abroad, yet his STRC ATM sales to date are $0.
— Michael Saylor, MicroStrategy
Since revoking his promise not to dilute MSTR to buy BTC between 1-2.5X mNAV, Michael Saylor has diluted by another $735.2M.
— Michael Saylor, MicroStrategy
According to a few Strategy loyalists, Michael Saylor’s revision of his MSTR dilution promise below 2.5x mNAV means that he lied.