Some updates on Microstrategy: > MSTR currently has a 6.1 month runway for their annual 1.7Bn pref dividend payments for STRC > This runway materially compressed after they deployed 1.38Bn to buy back it's 0% 2029 convertible notes at an 8% discount > There is a 800M gap to cover the pref dividend

Some updates on Microstrategy: > MSTR currently has a 6.1 month runway for their annual 1.7Bn pref dividend payments for STRC > This runway materially compressed after they deployed 1.38Bn to buy back it's 0% 2029 convertible notes at an 8% discount > There is a 800M gap to cover the pref dividend

Some updates on Microstrategy: > MSTR currently has a 6.1 month runway for their annual 1.7Bn pref dividend payments for STRC > This runway materially compressed after they deployed 1.38Bn to buy back it's 0% 2029 convertible notes at an 8% discount > There is a 800M gap to cover the pref dividend

The truth about Saylor "selling Bitcoin" today. Strategy sold 32 $BTC ($2.5M) at $77k avg, first sale since 2022. Headlines made it sound like the end of an era. But 32 BTC is 0.0038% of their 843,706 BTC. It's a rounding error. The proceeds fund STRC preferred-stock dividends. Nothing more. So