Bitcoin24h $87,238.37-0.88%

Ethereum24h $2,938.13-0.62%

BNB24h $843.89-0.51%

XRP24h $1.86-1.50%

Solana24h $122.64-1.49%

TRON24h $0.2815-0.63%

Dogecoin24h $0.1286-1.38%

Cardano24h $0.3563-2.14%

Bitcoin Cash24h $567.05-1.70%

Chainlink24h $12.20-1.67%

Norway’s sovereign wealth fund has lost over $200M in MSTR

The central bank of Norway has paid the price for investing in Michael Saylor’s BTC treasury company, Strategy.

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.

Several people have cheered on the FCKD joke, encouraging Saylor to issue a preferred stock with the ticker symbol STRU.