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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.

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.

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

MicroStrategy has filed a hybrid securities shelf registration, STRK, to dilute demand for MSTR and buy more bitcoin.

Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor’s “$100K” New Year’s Eve party.