MicroStrategy investors cheer bitcoin ‘yield’ — but few read fine print
MicroStrategy executives boasted about the ability to yield higher bitcoin exposure per MSTR share over time. We read the fine print.
Bitcoin24h
$60,736.34-1.94%
Ethereum24h
$1,557.60-5.74%
BNB24h
$572.56-2.94%
XRP24h
$1.08-2.96%
Solana24h
$62.33-5.11%
TRON24h
$0.3194-1.83%
Hyperliquid24h
$59.18-4.21%
Dogecoin24h
$0.0812-2.73%
UNUS SED LEO24h
$9.57-3.35%
Stellar24h
$0.1994+5.98%
Michael Saylor dumps quarter billion worth of MSTR while hyping bitcoin
This month alone, Michael Saylor has sold over $70 million worth of MicroStrategy stock, while in March he sold $144 million.
The most expensive bitcoin fund might be MSTR, not GBTC
Buying MSTR appears to earn you 98% value in MicroStrategy’s bitcoin, but when including Class B shares and convertibles, it’s less than 85%.
-
Jim Chanos was right about Strategy — just not patient enough—by Protos Staff
-
Twenty One has four days to fix NYSE non-compliance—by Protos Staff
-
Strategy’s BTC sale sends Polymarket into disarray—by Protos Staff
-
Rough weekend for DeFi: Four hacks, three outages, one warning—by Protos Staff
-
HTX misrepresents Huobi Global S.A. after UK sanctions—by Protos Staff
-
Stake DAO hit by hack as DeFi security confidence hits new low—by Protos Staff
-
Someone just burned $8 million of bitcoin—by Protos Staff
-
Charles Hoskinson’s $250M clinic to close after buying up NFTs and robots—by Protos Staff
-
Binance served Iranian national days before he was sanctioned, report—by Protos Staff
