Saylor pulled the rug. I’ve been warning people for months that he is a sleezy, corrupt fraud. He lied to investors and promised MSTR wouldn’t issue stock below 2.5x mNAV. But with the premium crashing (3.4x → 1.6x since Nov ‘24), he quietly rewrote it to “management flexibility.” What does it mean? He can now dilute shareholders anytime it benefits him. This was never about Bitcoin, it’s about Saylor cashing in.(Jacob King)