Bitcoin24h $64,142.49+1.14%

Ethereum24h $1,871.33+0.91%

BNB24h $596.68+1.53%

XRP24h $1.06-0.76%

Solana24h $73.98+1.24%

TRON24h $0.3282-0.26%

Hyperliquid24h $57.18+3.98%

Dogecoin24h $0.0698-0.32%

UNUS SED LEO24h $9.76+0.20%

Zcash24h $518.06+6.72%

Buying the dip? Strategy prefers the top of the range

Strategy founder Michael Saylor keeps announcing relatively expensive BTC buys near the top of each week’s trading range.

We calculated the present value of STRC — it’s bad for MSTR

We calculated the present value of STRC and compared it to various metrics that reveal the difficult math behind BTC yield.

Real-time estimates of Strategy STRC-funded BTC buys indicate that this week might be its biggest capital raise ever.

When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.

Strategy might be able to survive until BTC hits $8,000, but common shareholders will lose hope in treasury coverage in the $20,000s.