— Michael Saylor, MicroStrategy
Strategy market cap down 40% after pivot from bonds to preferreds
Strategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new issues.
Results for Crypto, Strategy
102 stories, newest first
— Michael Saylor, MicroStrategy
Strategy manager wrong about BTC backing STRC
The manager mistakenly claimed that Strategy's BTC collateralizes shares of its stock, even though it doesn't.
Michael Saylor doesn’t believe BTC is digital money
Michael Saylor has a new definition of digital money, and it is not BTC. Conveniently, it’s also a sales pitch for STRC.
— Carl Rickertsen, MicroStrategy
Strategy director Carl Rickertsen is buying MSTR after years of selling
Carl Rickertsen, on the board of directors for Strategy, has filed his first insider purchase of MSTR in over three years.
— Michael Saylor, MicroStrategy
Michael Saylor is running out of ways to boost Strategy’s BTC per share
Strategy bought a lot of BTC last week, but shareholders still have less per share now than a couple of months ago.
— Michael Saylor, MicroStrategy
Strategy’s bitcoin premium vanishes as mNAV crashes to 1x
The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.
CHART: Two years of Strategy investment narratives
Over the past two years, the dominant narratives that investors tell about BTC company Strategy have changed over a dozen times.
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.
CHART: Strategy and TRON Inc. down bad compared to bitcoin this year
Both Strategy and TRON Inc. have underperformed BTC and shed value since TRON Inc.'s reverse merger was announced.
— Michael Saylor, MicroStrategy
Strategy stock is on the slide but at least it bought a nice new jet
As Strategy’s stock price continues to slide, online sleuths noticed that the company spent $27M on a “deposit” for a new corporate jet.