NFT News Today TheBittimes.com

This morning, MicroStrategy (doing business as Strategy) announced that it diluted MSTR common shareholders by $285.7 million to buy $285.8 million of bitcoin (BTC). After deducting fees and expenses included in that purchase, shareholders received no BTC accretion to their shares. Not only that, after pausing purchases for the first week in April and warning that it might have to sell BTC next year, the firm then took a full week to buy BTC at nearly the worst possible prices it could have paid. Specifically, from April 7 to April 13, BTC traded at between $74,434 and $86,084. MicroStrategy then decided to deploy more than a quarter of a billion dollars at $82,618, within the top third most expensive part of that range. However, BTC didn’t trade evenly across that range during that time period, so a volume-weighted average price (VWAP) actually provides a better assessment of the firm’s market-timing abilities. In fact, BTC traded most of last week in t...

MicroStrategy’s stock has outperformed Amazon’s stock by 537% in the past year The proposal calls for Amazon to include some Bitcoin to maximize shareholder value without taking on too much risk Last week, Michael Saylor, CEO of MicroStrategy called on Microsoft to adopt Bitcoin, calling it “digital capital” A group of Amazon shareholders has requested that the company allocate 5% of its assets in Bitcoin. The National Center for Public Policy Research, a free-market, independent conservative think tank, submitted the proposal to Amazon for consideration at its 2025 annual shareholder meeting. The proposal, shared by Tim Kotzman, a podcast host covering Bitcoin and MicroStrategy, recommends adding “assets to its treasury that appreciate more than bonds, even if those assets are more volatile short-term.” The proposal points to Bitcoin’s price, which has increased more than 131% over the past year, outperforming corp...