Bitcoin24h $94,718.60+1.03%

Ethereum24h $1,805.84+1.81%

XRP24h $2.23+1.89%

BNB24h $603.48-0.62%

Solana24h $151.85-1.48%

Dogecoin24h $0.1869+2.60%

Cardano24h $0.7292+1.43%

TRON24h $0.2465+1.19%

Sui24h $3.56-0.53%

Chainlink24h $15.15+0.45%

Strategy trades at nine-month low multiple to its bitcoin holdings

Investors are willing to pay the worst premium in nine months for MSTR shares as a multiple of the company’s bitcoin holdings.

Michael Saylor thinks sales of bitcoin weaken the network

According to Strategy founder Michael Saylor, buying bitcoin strengthens the network while selling weakens it.

Strategy reported earnings this week with Michael Saylor focusing on financial abstraction across an hour-long webinar.

MicroStrategy reportedly raised $563.4M via its new Series A Perpetual Strike Preferred Stock after targeting just $250M for the raise.

Some X users suspected that the problem lay with the use of a deposit address created before deployment on Ethereum’s mainnet.