Bitcoin24h $77,851.31-1.59%

Ethereum24h $2,175.43-2.26%

BNB24h $652.43-3.48%

XRP24h $1.41-2.04%

Solana24h $86.19-3.57%

TRON24h $0.3510-0.10%

Dogecoin24h $0.1084-3.65%

Hyperliquid24h $40.77-5.31%

Cardano24h $0.2544-2.70%

UNUS SED LEO24h $9.93-2.60%

100% of Strategy’s convertible debt is now out-of-the-money

Strategy’s corporate debt recently hit a bearish milestone after MSTR dipped below the final, lowest convertibility price of $149.77.

Michael Saylor’s Strategy sheds $6 billion in a day — again

In 2000, Strategy co-founder Michael Saylor lost $6B in one day. He lost even more yesterday, for shareholders of that same company.

Michael Saylor’s Strategy had a golden opportunity to profit $33B just four months ago. Instead, it’s lost billions.

The price of BTC fell below $74,600 last night which was less than Strategy’s average buy price of $76,052.

Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.