Bitcoin24h $71,079.62+2.19%

Ethereum24h $2,113.52+0.70%

BNB24h $645.76-0.98%

XRP24h $1.44+0.26%

Solana24h $87.44-1.54%

TRON24h $0.2792+0.56%

Dogecoin24h $0.0971-1.59%

Bitcoin Cash24h $531.76-0.31%

Cardano24h $0.2720-1.02%

Hyperliquid24h $32.70+2.54%

100% of Strategy’s convertible debt is now out-of-the-money

Strategy’s corporate debt recently hit a bearish milestone after MSTR dipped below the final, lowest convertibility price of $149.77.

Michael Saylor’s Strategy sheds $6 billion in a day — again

In 2000, Strategy co-founder Michael Saylor lost $6B in one day. He lost even more yesterday, for shareholders of that same company.

Michael Saylor’s Strategy had a golden opportunity to profit $33B just four months ago. Instead, it’s lost billions.

The price of BTC fell below $74,600 last night which was less than Strategy’s average buy price of $76,052.

Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.