MicroStrategy bought BTC at nearly the worst possible price last week
Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.
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Bitcoin crashed below Michael Saylor’s ‘sell your kidney’ price
As BTC crashed below the price at which Michael Saylor suggested selling a kidney, he reminded us that its price never declines in BTC terms.
MicroStrategy pauses buys, says MSTR shareholders don’t own its bitcoin
MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.
— Michael Saylor, MicroStrategy
15% discount and 17% yield boost made Strategy STRF sale ‘upsized’
Although dividend and liquidation preference numbers for Strategy’s STRF appear unchanged, initial buyers are getting a de facto discount.
— Michael Saylor, MicroStrategy
Michael Saylor will pay 18% dividends to buy bitcoin if he has to
Michael Saylor has invented yet another way to raise capital to buy BTC for Strategy: STRF preferreds with higher cash dividends.
CHART: Bitcoin crashes toward Strategy (MSTR) cost basis
The cost basis of Strategy's bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.
— Michael Saylor, MicroStrategy
How much pain can Strategy take before debt exceeds bitcoin?
Strategy (MSTR) owes $8.2 billion to creditors. Bitcoin needs to stay above a certain price for Michael Saylor to service these debts.
Michael Saylor’s bitcoin announcements no longer seem to pump MSTR stock
Investors dumped Strategy (formerly MicroStrategy) stock following Michael Saylor’s four most recent bitcoin purchase announcements.
— Michael Saylor, MicroStrategy
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, MicroStrategy
Is MicroStrategy’s $563M STRK really oversubscribed?
MicroStrategy reportedly raised $563.4M via its new Series A Perpetual Strike Preferred Stock after targeting just $250M for the raise.