Schiff says Saylor is trapped by his own position? MSTR drops below 103, CryptoQuant calls for a pause on buying
MSTR shares have plummeted to around $103, down over 80% from its peak. Schiff directly fires back: if the stock keeps getting shorted, Saylor might have to sell BTC to buy back shares— but selling BTC will also tank the price, locking him into a dead end 🔒
Worse yet, CryptoQuant's latest report: the annual dividend obligation for Strategy skyrocketed from 300 million to 1.2 billion in just six months, while cash has shrunk by 38%, leaving only 14 months of dividend coverage. Recommendation: hold off on buying coins for now and shore up the cash.
Although Saylor is still stubbornly claiming "the strategy is fine," STRC preferred shares have been trading below face value, and in late May, they shockingly sold 32 BTC to pay dividends... this script is starting to look more like a movie 🎬
$BTC $MSTR #MicroStrategy
$BTC $MSTR
MSTR shares have plummeted to around $103, down over 80% from its peak. Schiff directly fires back: if the stock keeps getting shorted, Saylor might have to sell BTC to buy back shares— but selling BTC will also tank the price, locking him into a dead end 🔒
Worse yet, CryptoQuant's latest report: the annual dividend obligation for Strategy skyrocketed from 300 million to 1.2 billion in just six months, while cash has shrunk by 38%, leaving only 14 months of dividend coverage. Recommendation: hold off on buying coins for now and shore up the cash.
Although Saylor is still stubbornly claiming "the strategy is fine," STRC preferred shares have been trading below face value, and in late May, they shockingly sold 32 BTC to pay dividends... this script is starting to look more like a movie 🎬
$BTC $MSTR #MicroStrategy
$BTC $MSTR