Bitcoin24h $68,790.02-2.83%

Ethereum24h $2,086.37-3.35%

XRP24h $1.40-2.81%

BNB24h $631.22-1.97%

Solana24h $87.46-3.01%

TRON24h $0.3136+1.56%

Dogecoin24h $0.0916-2.44%

Hyperliquid24h $38.31-3.79%

Bitcoin Cash24h $468.82+0.05%

Cardano24h $0.2566-3.12%

Bitcoin fell below Strategy average buy price overnight

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

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.

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.