Bitcoin24h $64,869.58+1.00%

Ethereum24h $1,916.92+2.20%

BNB24h $599.86+1.09%

XRP24h $1.07-0.82%

Solana24h $74.44+0.36%

TRON24h $0.3278-0.28%

Hyperliquid24h $57.40+3.58%

Dogecoin24h $0.0703-0.15%

UNUS SED LEO24h $9.74-0.11%

Zcash24h $517.20+2.24%

Michael Saylor diluted MSTR by $735.2 million after saying he wouldn’t

Since revoking his promise not to dilute MSTR to buy BTC between 1-2.5X mNAV, Michael Saylor has diluted by another $735.2M.

Like it or not, Jim Chanos’ MSTR short trade was a winner

Jim Chanos’ hedged MSTR short-sale is probably up 15-35% depending on the assumptions you make about his cost basis and fees.

Michael Saylor is taking advantage of revised corporate guidance that would have limited MSTR dilution between 1x and 2.5x mNAV.

According to a few Strategy loyalists, Michael Saylor’s revision of his MSTR dilution promise below 2.5x mNAV means that he lied.

Anti-dilution guidance from MicroStrategy only lasted two weeks. In its place is revised, vague language about ‘advantageous’ conditions.