Strategy market cap down 40% after pivot from bonds to preferreds
Strategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new issues.
Strategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new issues.
The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t.
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.