Bitcoin24h $74,159.51-2.22%

Ethereum24h $2,274.23-3.57%

XRP24h $1.40-2.34%

BNB24h $617.47-2.14%

Solana24h $83.84-2.88%

TRON24h $0.3298+0.05%

Dogecoin24h $0.0932-2.01%

Hyperliquid24h $41.21-6.71%

UNUS SED LEO24h $10.15+0.03%

Cardano24h $0.2427-2.94%

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’s market cap falls below value of its bitcoin holdings

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.

Jim Chanos doubled his money shorting MSTR from its exuberant peak in November 2024. He also profited from BTC’s rally.