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MicroStrategy pauses buys, says MSTR shareholders don’t own its bitcoin

MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.

MicroStrategy bought 2.6% of circulating bitcoin at $67,458 apiece

MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.

In addition to applauding Gamestop, Saylor promised to burn his private keys and “make everyone in the network richer and more powerful.”

Although dividend and liquidation preference numbers for Strategy’s STRF appear unchanged, initial buyers are getting a de facto discount.

Michael Saylor has invented yet another way to raise capital to buy BTC for Strategy: STRF preferreds with higher cash dividends.