Bitcoin24h $59,667.06-1.89%

Ethereum24h $1,566.57-2.92%

BNB24h $559.07-0.74%

XRP24h $1.04-3.26%

Solana24h $66.99-1.20%

TRON24h $0.3235-1.12%

Hyperliquid24h $63.51+0.54%

Dogecoin24h $0.0746-1.65%

UNUS SED LEO24h $9.37-0.62%

Zcash24h $411.71-0.46%

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.