JUST IN: Michael Saylor announces Strategy, BlackRock, Fidelity and Coinbase are pledging $15 million to support open source Bitcoin development "for the decades ahead." 🚀
Why is this man only attacking $BTC and $MSTR? Why aren’t you attacking the AI bubble or anything else? I am convinced that he is a paid actor at this point.
$MSTR’s original model generated positive Bitcoin yield by selling common stock at a premium, then by issuing preferred stock at coupons below Bitcoin’s expected appreciation. Now @Saylor is forcing common shareholders to accept a negative Bitcoin yield just to prop up Bitcoin.
The Wall Street Journal is putting out some pure propaganda slop with this one.
Claiming Michael Saylor “has decided to sell some of its holdings to stay solvent.”
They sold 0.0038% of their holdings.
Credit: @spencerjakab