Bitcoin24h $107,779.85-2.88%

Ethereum24h $3,868.05-4.35%

BNB24h $1,070.01-4.90%

XRP24h $2.41-2.37%

Solana24h $184.74-4.22%

TRON24h $0.3207-1.05%

Dogecoin24h $0.1938-3.58%

Cardano24h $0.6424-4.28%

Chainlink24h $17.89-5.05%

Hyperliquid24h $35.82-6.93%

Wall Street loves selling crypto treasury stocks

It’s difficult to explain the valuations of many crypto treasury companies trading on stock markets across the globe.

MicroStrategy director quietly dumps all his MSTR shares

MicroStrategy’s Carl Rickertsen sold over $10M this year, admitted zero ownership, and continued an uninterrupted series of insider sales.

Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.

As BTC crashed below the price at which Michael Saylor suggested selling a kidney, he reminded us that its price never declines in BTC terms.

MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.