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Michael Saylor dumped MSTR, STRF, STRK, STRD for latest bitcoin buy

MicroStrategy diluted all four classes — MSTR, STRK, STRF, and STRD — of its public shareholders last week to buy BTC.

Is MicroStrategy the bitcoin bank Hal Finney dreamed of?

Banking has been a vision of the Bitcoin community since 2010. Michael Saylor wants to make that prediction come true at MicroStrategy.

Fans of Michael Saylor believed that non-dilutive preferred shares would displace dilutive ATMs, but MicroStrategy just admitted the opposite.

Bitcoin treasury company mania was a unique moment in time in early May 2025. However, shares are now fading as rationality returns.

MicroStrategy initiated a curiously-timed BTC withdrawal yesterday that exceeded the quantity it disclosed in purchases this morning.