MicroStrategy bought 2.6% of circulating bitcoin at $67,458 apiece
MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
In addition to applauding Gamestop, Saylor promised to burn his private keys and “make everyone in the network richer and more powerful.”
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.