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As GameStop buys bitcoin, Michael Saylor vows to burn his own private keys

In addition to applauding Gamestop, Saylor promised to burn his private keys and “make everyone in the network richer and more powerful.”

15% discount and 17% yield boost made Strategy STRF sale ‘upsized’

Although dividend and liquidation preference numbers for Strategy’s STRF appear unchanged, initial buyers are getting a de facto discount.

Michael Saylor has invented yet another way to raise capital to buy BTC for Strategy: STRF preferreds with higher cash dividends.

The cost basis of Strategy’s bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.

Strategy (MSTR) owes $8.2 billion to creditors. Bitcoin needs to stay above a certain price for Michael Saylor to service these debts.