— Michael Saylor, MicroStrategy
Strategy’s bitcoin premium vanishes as mNAV crashes to 1x
The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.
Results for MSTR
121 stories, newest first
CHART: Two years of Strategy investment narratives
Over the past two years, the dominant narratives that investors tell about BTC company Strategy have changed over a dozen times.
Strategy’s BTC Yield turns negative for first time in years
The BTC Yield of MSTR stock in Michael Saylor’s treasury company, Strategy, has turned negative this quarter for the first time in years.
— Michael Saylor, MicroStrategy
Beginning of the end? Strategy dilutes MSTR, slashes EPS guidance 76%
Michael Saylor's Strategy has slashed its EPS guidance and diluted its MSTR shareholders without purchasing BTC.
— Michael Saylor, MicroStrategy
S&P 500 declines to add Strategy again
S&P Dow Jones Indices didn't add Strategy to its S&P 500 Index in its November 24 announcement. The next possibility is December 5.
— Michael Saylor, MicroStrategy
Jim Chanos missed out on extra 85% annualized from MSTR short
Jim Chanos profited by shorting the premium of MSTR to its BTC, but he missed out on the final, exceptionally profitable leg of that trade.
Norway’s sovereign wealth fund has lost over $200M in MSTR
The central bank of Norway has paid the price for investing in Michael Saylor’s BTC treasury company, Strategy.
— Michael Saylor, MicroStrategy
Strategy’s market cap falls below value of its bitcoin holdings
Strategy investors invented the term "mNAV" to boast about overpaying for MSTR stock. That came back to haunt them.
— Michael Saylor, MicroStrategy
Michael Saylor mixes up his ‘treasuries’ in misleading MSTR tweet
Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to "digital treasuries" might take the cake.
The looming tax bill of Strategy preferreds
Due to Return Of Capital (ROC) status, there is a looming tax bill for long-term holders of Strategy preferred shares.