1. Last week, MSTR continued using its exhausting big move (issuing common stock when mNAV < 1, which leads to a decrease in BTC per share), selling $1.1 billion worth of common stock, but didn’t buy a single BTC. All the money is being saved to pay STRC interest, bringing cash reserves up to $2.55 billion. This money will only be used for dividend interest payments, currently enough to cover 17.4 months, and they’ve promised to maintain at least a 12-month minimum level, while increasing STRC interest from 11.5% to 12%. 2. The board has authorized selling up to $1.25 billion worth of BTC to repurchase STRC and other preferred/common stocks. Previously: sell STRC to buy expensive BTC. Now: after BTC drops, sell BTC at a loss to buy back STRC. So slick. :) How do you elegantly say “selling BTC”? BTC Monetization Program. MSTR has shifted from being a hodler to becoming a swing trader like me. After all, BTC prices have returned to where they were 5 years ago. Hodling to the death doesn’t make much sense anymore. :)