How Nasdaq spooked Strategy and crypto treasury stocks
Nadsaq may tighten transparency rules to ensure that shareholders are aware of dilutive stock offerings to buy volatile crypto assets.
Nadsaq may tighten transparency rules to ensure that shareholders are aware of dilutive stock offerings to buy volatile crypto assets.
Since revoking his promise not to dilute MSTR to buy BTC between 1-2.5X mNAV, Michael Saylor has diluted by another $735.2M.
Michael Saylor is taking advantage of revised corporate guidance that would have limited MSTR dilution between 1x and 2.5x mNAV.
According to a few Strategy loyalists, Michael Saylor’s revision of his MSTR dilution promise below 2.5x mNAV means that he lied.
Anti-dilution guidance from MicroStrategy only lasted two weeks. In its place is revised, vague language about ‘advantageous’ conditions.