Michael Saylor has sold $14 billion MSTR under 2.5x mNAV
Michael Saylor’s 2.5x mNAV anti-dilution pledge lasted less than three weeks. Strategy has sold $14.3B of MSTR below that mNAV since.
Michael Saylor’s 2.5x mNAV anti-dilution pledge lasted less than three weeks. Strategy has sold $14.3B of MSTR below that mNAV since.
The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends.
After predicting a rally that didn’t arrive, Michael Saylor waited for a 52% drawdown and sold at a loss to Strategy’s BTC cost basis.
With the price of BTC and Strategy crashing, Michael Saylor grew frustrated with another reporter’s questions, ending the interview cold.
A new audit of Michael Saylor’s posts charts the moment BTC’s loudest evangelist switched his focus to credit.