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Strategy Inc. (NASDAQ:MSTR) is facing renewed scrutiny as the company faces an unprecedented $10 billion unrealized loss on its Bitcoin (CRYPTO: BTC) holdings.
What Is Going Wrong For Michael Saylor
Market commentator Kyle argued on X on June 4 that the company’s preferred-share dividend obligations could turn Michael Saylor from Bitcoin’s biggest buyer into a potential forced seller.
The company’s Bitcoin accumulation model worked while the company funded purchases through equity issuance, convertible notes and other financing tools that did not require near-term cash payments.
The concern now is that Strategy’s newer preferred-share products, including (NASDAQ:STRC) and (NASDAQ:STRD), carry yield obligations.
Strategy owns roughly 4% of …
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