How much pain can Strategy take before debt exceeds bitcoin?
Strategy (MSTR) owes $8.2 billion to creditors. Bitcoin needs to stay above a certain price for Michael Saylor to service these debts.
Strategy (MSTR) owes $8.2 billion to creditors. Bitcoin needs to stay above a certain price for Michael Saylor to service these debts.
As the price of bitcoin declined 25% from its January 20 high, Michael Saylor started talking about selling kidneys to HODL.
Investors dumped Strategy (formerly MicroStrategy) stock following Michael Saylor’s four most recent bitcoin purchase announcements.
Investors are willing to pay the worst premium in nine months for MSTR shares as a multiple of the company’s bitcoin holdings.
According to Strategy founder Michael Saylor, buying bitcoin strengthens the network while selling weakens it.