Saylor’s risky Bitcoin strategy: Buying high, losing fast, and inflating MSTR premiums. Saylor put $561m at ~$106,662 into BTC, pushing to the ATH top.
MSTR’s latest BTC buy shows Saylor’s strategy relies on 2 things: “numbers go up” and exciting the less sophisticated herd. MSTR issued $561mm of stock between Dec 16-22. And bought $561mm of BTC at $106,662 – and he’s already lost 10% on that latest BTC buy over the weekend.… pic.twitter.com/QHdcjlzcW1 — Novacula Occami (@OccamiCrypto) December …