Michael Saylor mixes up his ‘treasuries’ in misleading MSTR tweet
Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to “digital treasuries” might take the cake.
Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to “digital treasuries” might take the cake.
Jim Chanos doubled his money shorting MSTR from its exuberant peak in November 2024. He also profited from BTC’s rally.
Several people have cheered on the FCKD joke, encouraging Saylor to issue a preferred stock with the ticker symbol STRU.
Strategy has to pay $689M to not sell any of its BTC, and those costs have increased every quarter since 2021.
Strategy founder Michael Saylor repeatedly promised a roll-out of STRC counterparts but instead he launched STRE.