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Strategy market cap down 40% after pivot from bonds to preferreds

Strategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new issues.

Strategy manager wrong about BTC backing STRC

The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t.

Carl Rickertsen, on the board of directors for Strategy, has filed his first insider purchase of MSTR in over three years.

Strategy bought a lot of BTC last week, but shareholders still have less per share now than a couple of months ago.

The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.