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Michael Saylor’s Strategy sheds $6 billion in a day — again

In 2000, Strategy co-founder Michael Saylor lost $6B in one day. He lost even more yesterday, for shareholders of that same company.

Michael Saylor missed out on a $33 billion profit at Strategy

Michael Saylor’s Strategy had a golden opportunity to profit $33B just four months ago. Instead, it’s lost billions.

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

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.