So not only did $MSTR buy just $51M of Bitcoin, due to lack of demand for the preferred ATM’s, but it also looks like Saylor is lowering the 2.5x mNAV floor “when otherwise deemed advantageous” to the Company. pic.twitter.com/Scfd4VMYiA
— James Chanos (@RealJimChanos) August 18, 2025
Here are both, for comparison. $MSTR pic.twitter.com/1ig7YTfvKh
— James Chanos (@RealJimChanos) August 18, 2025
FUN FACT: In 2000, Michael Saylor lost over $6.8 billion in a single day, making him the biggest loser of the entire dot-com bubble.
His company, MicroStrategy, was also charged by the SEC for fraudulently cooking the books and deceptively reporting a profit despite operating at… pic.twitter.com/vYQfkoypGU
— Jacob King (@JacobKinge) August 18, 2025
Speculators have now built the largest leveraged Ethereum $ETH short position in history 🚨🚨 pic.twitter.com/CRKS2YgZAk
— Barchart (@Barchart) August 18, 2025
Bitcoin is down a mere 1%, yet over $360M has been liquidated in the past 24 hours, including more than $100M in the last 60 minutes.
This highlights just how overleveraged the market is near all-time highs. A major crash is inevitable, and it will be catastrophic for investors,… pic.twitter.com/3ydtZasITW
— Jacob King (@JacobKinge) August 18, 2025