Bitcoin24h $63,873.26+0.31%

Ethereum24h $1,865.27+0.14%

BNB24h $592.25+0.07%

XRP24h $1.07-0.53%

Solana24h $73.69+0.60%

TRON24h $0.3303+0.38%

Hyperliquid24h $55.28+1.20%

Dogecoin24h $0.0701-0.02%

UNUS SED LEO24h $9.75-0.01%

Zcash24h $494.01+0.68%

100% of Strategy’s convertible debt is now out-of-the-money

Strategy’s corporate debt recently hit a bearish milestone after MSTR dipped below the final, lowest convertibility price of $149.77.

Michael Saylor’s Strategy sheds $6 billion in a day — again

In 2000, Strategy co-founder Michael Saylor lost $6B in one day. He lost even more yesterday, for shareholders of that same company.

Michael Saylor’s Strategy had a golden opportunity to profit $33B just four months ago. Instead, it’s lost billions.

The price of BTC fell below $74,600 last night which was less than Strategy’s average buy price of $76,052.

Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.