Bitcoin24h $66,540.18-1.16%

Ethereum24h $1,964.31-2.30%

BNB24h $623.52-0.73%

XRP24h $1.36-3.34%

Solana24h $84.25-3.51%

TRON24h $0.2812-0.46%

Dogecoin24h $0.0930-3.01%

Cardano24h $0.2750-3.78%

Bitcoin Cash24h $451.66-1.31%

UNUS SED LEO24h $9.13+1.65%

100% of Strategy’s convertible debt is now out-of-the-money

Strategy’s corporate debt recently hit a bearish milestone after MSTR dipped below the final, lowest convertibility price of $149.77.

Michael Saylor’s Strategy sheds $6 billion in a day — again

In 2000, Strategy co-founder Michael Saylor lost $6B in one day. He lost even more yesterday, for shareholders of that same company.

Michael Saylor’s Strategy had a golden opportunity to profit $33B just four months ago. Instead, it’s lost billions.

The price of BTC fell below $74,600 last night which was less than Strategy’s average buy price of $76,052.

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