Tag: Michael Saylor

Strategy sold 1,638 Bitcoin for $104.7 million and raised $290.6 million through shares (Photographer: Andrey Rudakov/Bloomberg) (Bloomberg)
Posted in Business

Strategy sells 1,638 bitcoin for $105M, boosts cash reserve to $4 billion

The Strategy is selling Bitcoin instead of buying more. The company sold 1,638 Bitcoin for about $104.7 million, at an average price of $63,957 per…

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Under Michael Saylor, Strategy devised the mNAV metric.
Posted in Business

Michael Saylor’s Strategy Is Trapped by Its Own Broken Bitcoin Math

Strategy, the bitcoin-hoarding company led by Chairman Michael Saylor, is caught in a math trap of its own making. Under Michael Saylor, Strategy devised the…

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