Michael Saylor has sold $14 billion MSTR under 2.5x mNAV
Michael Saylor’s 2.5x mNAV anti-dilution pledge lasted less than three weeks. Strategy has sold $14.3B of MSTR below that mNAV since.
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Michael Saylor’s 2.5x mNAV anti-dilution pledge lasted less than three weeks. Strategy has sold $14.3B of MSTR below that mNAV since.
Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.
— Michael Saylor, MicroStrategy
Michael Saylor keeps raising cash for STRC holders who've watched him shift his promises, so the discount below par is persisting.
The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends.
After predicting a rally that didn’t arrive, Michael Saylor waited for a 52% drawdown and sold at a loss to Strategy’s BTC cost basis.
With the price of BTC and Strategy crashing, Michael Saylor grew frustrated with another reporter’s questions, ending the interview cold.
A new audit of Michael Saylor’s posts charts the moment BTC's loudest evangelist switched his focus to credit.
— Michael Saylor, MicroStrategy
Strategy’s dividend-paying STRC hit another all-time low today after losing one quarter of its value over the past 30 days alone.
STRC traded as low as $73.62 on the Nasdaq today — 26.4% below the $100 price that the stock is meant to hold.
— Michael Saylor, MicroStrategy
Strategy’s STRC is trading well below $100 with just one week to go until its dividend snapshot date, leaving Strategy with few options.