When Bitcoin prices turned against Michael Saylor, he quietly pivoted to risky financial gambit at Strategy
Few business topics are garnering more coverage than Michael Saylor’s unconventional strategy at Strategy, the software purveyor turned Bitcoin treasury outfit he still controls as top shareholder and Executive Chairman (the firm was formerly known as MicroStrategy). But one big shift has gone almost entirely unnoticed. As Bitcoin prices plunged, Saylor has attempted to remediate the situation by unleashing a torrent of new shares, the size of which has never before witnessed by a big market cap...