The looming tax bill of Strategy preferreds
Due to Return Of Capital (ROC) status, there is a looming tax bill for long-term holders of Strategy preferred shares.
Results for Crypto, Strategy
102 stories, newest first
How Jim Chanos outplayed Michael Saylor: short MSTR, long BTC
Jim Chanos doubled his money shorting MSTR from its exuberant peak in November 2024. He also profited from BTC's rally.
— Michael Saylor, MicroStrategy
Strategy’s preferred shares spell out an unfortunate acronym: FCKD
Several people have cheered on the FCKD joke, encouraging Saylor to issue a preferred stock with the ticker symbol STRU.
— Michael Saylor, MicroStrategy
Strategy needs to pay $689M a year to not sell bitcoin
Strategy has to pay $689M to not sell any of its BTC, and those costs have increased every quarter since 2021.
— Michael Saylor, MicroStrategy
STRE is nothing like what Michael Saylor promised on Thursday
Strategy founder Michael Saylor repeatedly promised a roll-out of STRC counterparts but instead he launched STRE.
— 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.
— Michael Saylor, MicroStrategy
Strategy earnings puts tiny STRC front and center
Strategy released its Q3 earnings yesterday, spending vast amounts of time on its newest, (and relatively small) preferred stock, STRC.
— Michael Saylor, MicroStrategy
What to expect on Strategy’s Q3 earnings call today
Strategy is reporting earnings today after the market close. Here are the top seven things investors expect to learn.
CHART: mNAV down across bitcoin treasury companies
The premium that investors are paying for BTC treasury companies continues to decline. In other words, mNAV compression is real.
CHART: Strategy’s BTC growth slows to multi-year low
Strategy has been adding BTC to its treasury at its slowest rate in five years. Worse, its mNAV is also falling.