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Michael Saylor thinks sales of bitcoin weaken the network

According to Strategy founder Michael Saylor, buying bitcoin strengthens the network while selling weakens it.

Michael Saylor’s Strategy makes up metrics to explain MSTR dilution

Strategy reported earnings this week with Michael Saylor focusing on financial abstraction across an hour-long webinar.

MicroStrategy reportedly raised $563.4M via its new Series A Perpetual Strike Preferred Stock after targeting just $250M for the raise.

MicroStrategy has filed a hybrid securities shelf registration, STRK, to dilute demand for MSTR and buy more bitcoin.

MicroStrategy rallied for an FASB change that it thought would help it properly value its bitcoin — but it could come with a nasty tax.