Bitcoin24h $90,148.31+0.85%

Ethereum24h $3,037.16+1.58%

BNB24h $889.04-0.52%

XRP24h $1.98+4.66%

Solana24h $131.10+3.18%

TRON24h $0.2996+0.71%

Dogecoin24h $0.1280+3.48%

Cardano24h $0.3681+4.71%

Bitcoin Cash24h $591.87+4.07%

Monero24h $537.81+5.94%

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.

Michael Saylor doesn’t believe BTC is digital money

Michael Saylor has a new definition of digital money, and it is not BTC. Conveniently, it’s also a sales pitch for STRC.

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.