Strategy has not bought Bitcoin for 5 straight weeks.
Instead, it sold 5.43 million shares last week, raising $544.5 million for its cash reserves.
Strategy's USD reserve now stands at $3.75 billion, enough to cover about 2.1 years of preferred stock dividends.
Few weeks back Strategy said it would not dilute MSTR once NAV falls below 1.2. But In the last 4-5 weeks, they've diluted MSTR below that level anyway.
This harms current share holders a lot because Every share sold dilutes existing holders, and they're being diluted to fund a Bitcoin position that's already down $8.84 billion.
Instead, it sold 5.43 million shares last week, raising $544.5 million for its cash reserves.
Strategy's USD reserve now stands at $3.75 billion, enough to cover about 2.1 years of preferred stock dividends.
Few weeks back Strategy said it would not dilute MSTR once NAV falls below 1.2. But In the last 4-5 weeks, they've diluted MSTR below that level anyway.
This harms current share holders a lot because Every share sold dilutes existing holders, and they're being diluted to fund a Bitcoin position that's already down $8.84 billion.