In a month, Strategy executive chairman Michael Saylor has relaxed the company’s financing rule for MSTR stock issuance, for purchasing more Bitcoin. This comes amid the stock underperformance over the past few months, thereby losing the premium over Bitcoin it once enjoyed. As per the latest revision, the company will issue stock under the mNAV
The post Michael Saylor Flips on MSTR Stock Issuance Rules As Strategy Loses Bitcoin Premium appeared first on CoinGape.
