Bitcoin24h $92,984.37-2.24%

Ethereum24h $3,216.34-3.24%

BNB24h $928.54-1.97%

XRP24h $1.97-3.97%

Solana24h $133.74-6.06%

TRON24h $0.3147-0.60%

Dogecoin24h $0.1281-6.60%

Cardano24h $0.3665-6.80%

Bitcoin Cash24h $590.28-0.32%

Monero24h $628.35+6.39%

Michael Saylor’s wealth sheds $4B as MSTR and BTC slide

Based on Michael Saylor’s most recently disclosed MSTR and BTC holdings, his personal losses likely exceed $4B in the past six months.

Traders earned 10x on fake news that Strategy sold bitcoin

Strategy investors panicked into trades after fake news about the company selling BTC earned millions of social media impressions.

Strategy investors invented the term “mNAV” to boast about overpaying for MSTR stock. That came back to haunt them.

Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to “digital treasuries” might take the cake.

Due to Return Of Capital (ROC) status, there is a looming tax bill for long-term holders of Strategy preferred shares.