Bitcoin24h $62,755.63+0.82%

Ethereum24h $1,739.51-0.30%

BNB24h $569.10+0.71%

XRP24h $1.09+0.66%

Solana24h $77.63+0.28%

TRON24h $0.3303+0.87%

Hyperliquid24h $67.27-1.78%

Dogecoin24h $0.0723+0.37%

UNUS SED LEO24h $9.51+0.62%

Zcash24h $465.67-0.06%

Michael Saylor mixes up his ‘treasuries’ in misleading MSTR tweet

Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to “digital treasuries” might take the cake.

The looming tax bill of Strategy preferreds

Due to Return Of Capital (ROC) status, there is a looming tax bill for long-term holders of Strategy preferred shares.

Jim Chanos doubled his money shorting MSTR from its exuberant peak in November 2024. He also profited from BTC’s rally.

Several people have cheered on the FCKD joke, encouraging Saylor to issue a preferred stock with the ticker symbol STRU.

Strategy has to pay $689M to not sell any of its BTC, and those costs have increased every quarter since 2021.