Bitcoin24h $118,363.43+0.80%

Ethereum24h $3,783.12+1.00%

XRP24h $3.22+1.57%

BNB24h $797.81+2.04%

Solana24h $187.60+0.54%

Dogecoin24h $0.2408+1.20%

TRON24h $0.3210+0.93%

Cardano24h $0.8326+0.96%

Sui24h $4.21+5.36%

Hyperliquid24h $43.55-2.31%

From STRF to STRD — is Michael Saylor just selling junk bonds?

Investors are criticizing Michael Saylor’s latest MicroStrategy preferred share, Stride (STRD), as essentially a high-risk “junk bond.”

Bitcoin treasuries get new valuation metric — MmC

Public companies holding BTC are employing a new magical valuation metric called “MmC,” or “mNAV months to cover.”

For more than six months, Michael Saylor’s MicroStrategy has failed to attain a new high on its BTC premium per share.

Nakamoto CEO David Bailey has explained the circumstances under which he would sell his treasury of bitcoin.

Crypto traders invented the term ‘mNAV,’ a simplistic ratio to explain how much they overpay for crypto holdings. It can exceed 8X.