Strategy trades at nine-month low multiple to its bitcoin holdings
Investors are willing to pay the worst premium in nine months for MSTR shares as a multiple of the company’s bitcoin holdings.
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.
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.