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From STRF to STRD — is Michael Saylor just selling junk bonds? Some followers of Michael Saylor have grown tired of his alliterative naming convention for a ballooning series of MicroStrategy (MSTR) preferred shares. After Strike, Strife, and now Stride, some shareholders just want to call a spade a spade. Indeed, according to several investors, his latest preferreds should be simply junk bonds . Saylor characterized Stride (STRD) as perpetual preferred stock with $100 of liquidation preference paying non-cumulative dividends at 10%. Bullish fans called his invention a “bitcoin black hole,” allowing time-space relocation of capital to benefit current MSTR shareholders with future opportunities. With Stride spinning this black hole, bullish shareholders saw “everything in the financial system being sucked in towards MicroStrategy.” Memes with singularity imagery proliferated across social media. STRD = SAYLOR'S BITCOIN BLACK HOLE In this hyper-charged ...

Bitcoin Magazine’s David Bailey is hoping to merge some of his companies into publicly-traded Kindly, and the valuation investors placed on the merger put Michael Saylor to shame. Thanks in part to Saylor himself amplifying Bailey’s news with its difficult-to-calculate metrics, Bailey’s company briefly rallied to a multiple-to-Net Asset Value (mNAV) over 11X greater than Saylor’s company. The imputed value of Bailey’s fully converted entity, which will eventually be called Nakamoto, briefly exceeded a 20X mNAV this morning. This colloquial and imprecise valuation metric is popular among bitcoin (BTC)-focused equity investors. $KDLY is the newest merger that will form a $BTC holdings company. Let's figure out the current mNAV. Current $KDLY price per share: $29 Market Cap: $175 million Shareholders will own 1.2% of post-merger company. Capital Raised: $710 million nMAV = Market Cap / Total… — Lavan Pathmanathan (@LavanPath) May 12, 2025 Popularized by the X...

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MicroStrategy has added to its Bitcoin holdings with another 2,138 BTC purchase This is the eighth consecutive week that the US-listed company has purchased Bitcoin MicroStrategy’s announcement comes a day after Michael Saylor posted the company’s BTC tracker. MicroStrategy, the world’s largest publicly-traded holder of Bitcoin (BTC), has announced purchase of the flagship digital asset. The company, whose BTC buying spree has seen it become known as a Bitcoin development company, revealed the latest purchase on Dec. 30. MicroStrategy buys BTC again In the announcement, the company disclosed its eighth consecutive week of BTC acquisition involved the scooping of 2,138 bitcoins for $209 million. The company used funds from its at-the-market share sales, which currently stands at over $6.88 billion. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12...

MicroStrategy Chairman Michael Saylor has agreed to make a 3-minute presentation to Microsoft’s board of directors on investing in BTC, and said Warren Buffett’s Berkshire Hathaway, Apple, Google, and Meta should also be considering BTC. “The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation,” Saylor said in a Nov. 19 X Spaces hosted by fund management giant VanEck.  Microsoft To Vote On Investing In Bitcoin In Upcoming Shareholder Meeting Microsoft disclosed in December that one of the voting items in its next shareholder meeting will be whether or not the company should invest in Bitcoin. This is after a proposal for the software giant to invest in BTC was made by the National Center for Public Policy Research (NCPPR).  The proposal cited MicroStrategy’s Bitcoin investment and how the company’s stock, MSTR, has outperformed Microsoft’s despite the...

It might not be a part of the index, but MicroStrategy Inc (NASDAQ: MSTR) has outpaced every stock in the S&P 500 — and it’s not even close.  MSTR stock was trading at $388.88 at press time — having rallied by 78.25% over the course of the last 30 days to bring year-to-date (YTD) returns up to 469.90%. MSTR stock price YTD chart. Source: Finbold The company, which is the largest corporate holder of Bitcoin (BTC), has lofty ambitions of becoming the first Bitcoin bank, has managed to provide unsurpassed returns and exposure to the largest cryptocurrency in the world.  Picks for you Gold is on fire today amid Ukraine-Russia war escalation with long-range US missiles 29 mins ago io.net joins Zero1 Labs to advance decentralize...

MicroStrategy co-founder Michael Saylor came under fire after recommending that Bitcoin should be custodied through “too big to fail” banks, a shift from his earlier stance favoring self-custody. In an Oct. 21 interview with financial markets reporter Madison Reidy,  Saylor indicated that Bitcoin investors have nothing to lose by sending their BTC to regulated institutions for safe keeping.  An investor who thinks that state-sanctioned Bitcoin seizure is possible is a “paranoid crypto-anarchist,” he said. Michael Saylor Comments Slammed By Crypto Community During the interview, Saylor was asked whether the government will someday strip Bitcoin holders of their self-custody rights, similar to what it did in 1933 with gold. “It’s a myth and a trope that goes on over and over again,” he replied, before adding that there is just a lot of “unnecessary” fear in the market. Michael Saylor, the leading voice and influen...

MicroStrategy (NASDAQ: MSTR) is once again making headlines with its ambitious plan to transform into the world’s first “Bitcoin bank,” a move that has sparked renewed interest from investors.  As this plan unfolds, investors are eager to understand where MSTR stock could be headed, especially as the company targets a $1 trillion valuation. With founder Michael Saylor at the helm, the stock saw a sharp rise, climbing over 13% to $208.23 in just 24 hours—the highest price since March 2020. Picks for you Bitcoin price roadmap up to $78,000 is almost complete, highlights analyst 32 seconds ago Here’s how Bitcoin price could react to a rising CPI and PPI inflation 2 hours ago ...

The National Pension Service, South Korea’s national pension fund, has reported purchases of nearly $34 million in MicroStrategy shares. NPS is South Korea’s largest public pension fund and the third-largest in the world with over $729 billion worth of assets. Wu Blockchain shared the news via X: South Korea's National Pension Service (NPS) disclosed that it bought 245,000 shares of MicroStrategy in the second quarter of this year, worth about $33.75 million. Previously, NPS bought 282,700 shares of Coinbase in the third quarter of last year. NPS manages $729.77 billion… — Wu Blockchain (@WuBlockchain) August 16, 2024 Details filed with the US Securities and Exchange Commission indicate the NPS acquired 245,500 of MicroStrategy shares at a total of $33.5 million. The filing relates to the fund’s investments in the quarter ending June 30, 2024. According to news outlet Infomax, the National Pension Service’s investment in...

Bitcoin famously has a coded limit on how many of the asset can be mined going forward — an even 21,000,000 coins. At time of publication, more than 19.6 million of those 21 million bitcoins have been mined, meaning that 93% of all bitcoins that will ever be produced already have been.  While it’s impossible to determine exactly how many bitcoins have been lost — estimates range from 20% to nearly 40% — these lost coins play a crucial role in determining how widespread and evenly distributed ownership of the currency is. In this sense, what’s good for Michael Saylor and MicroStrategy might not be good for a decentralized protocol. According to the most recent 8K for MicroStrategy, the company holds 214,246 bitcoins. Ultimately, this means that one company now controls between 1.3% and 1.8% of all bitcoin that can ever be moved. MicroStrategy eyes $750M stock sale, likely to buy more bitcoin Read more: MicroStrategy hints at Bitcoin bag dump while offloadi...

On 28th December, Michael Saylor and MicroStrategy announced that the company added 2,500 Bitcoins [worth $41 million] to its reserves. Presently, the firm holds 132,500 BTC which have been acquired for $4.03 billion or at an average price of $30,397 per BTC. Now, on a Twitter Space a few hours back, the Executive Chairman of the Business-Intelligence (BI) company revealed his firm’s plan to release Bitcoin Lightning Network-powered software and solutions next year. He said, “We have teams working on it and are looking to bring something out by next year. We expect to show something in the first quarter.” Saylor noted that his transition from CEO to Executive Chairman aided the company’s Bitcoin arm to focus more on ways to buy, hold BTC and contribute to the ecosystem. Elaborating on the Lightening Network tangent, he said, “We want to make it possible for any enterprise to spin up Lighting infrastructure in an afternoon. We want to plug it into enterpris...