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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.

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.

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.

Strategy common shares have fallen to a 19-month low multiple-to-Net Asset Value. The basic mNAV of MSTR is now just 1.21x.