Bitcoin24h $85,494.60+0.81%

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Chainlink24h $14.08+0.53%

Strategy gains $8B in market cap after IRS waiver

The IRS said that Strategy can disregard unrealized gains and losses on digital asset holdings when computing income subject to the 15% CAMT.

Why Saylor’s STRC isn’t really a money market or bank account

Speaking about STRC, Saylor said, “Everybody in the world would love to have a high yield bank account that yielded 10%.”

Since Strategy removed a ban on ATM share sales between 1-2.5x mNAV six weeks ago, MSTR dilution has paid for 94% of its BTC purchases.

Despite persistent purchases and tens of billions of dollars worth of institutional ownership, MSTR is nowhere close to an all-time high.

Strategy founder Michael Saylor thinks that a short seller of MSTR is botting social media to spread skepticism about his company.