Michael Saylor went from ‘sell a kidney’ to $20 billion loss at Strategy
When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.
When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.
Strategy might be able to survive until BTC hits $8,000, but common shareholders will lose hope in treasury coverage in the $20,000s.
Michael Saylor is using AI slop to liken Strategy’s STRC dividends to the interest payments of regulated money market funds.
Michael Saylor has so much debt that a CNBC analyst couldn’t think of one bank that would roll Strategy‘s bonds if BTC crashed 90%.
Strategy has been running X ads, trying to sell preferred shares of STRC. The campaign doesn’t seem to be doing much.