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Strategy manager wrong about BTC backing STRC

The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t.

Strategy director Carl Rickertsen is buying MSTR after years of selling

Carl Rickertsen, on the board of directors for Strategy, has filed his first insider purchase of MSTR in over three years.

Strategy bought a lot of BTC last week, but shareholders still have less per share now than a couple of months ago.

The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.

Over the past two years, the dominant narratives that investors tell about BTC company Strategy have changed over a dozen times.