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Category: Economy

Strategy Breaks Down 6 Securities Built Around Its Bitcoin

Strategy Breaks Down 6 Securities Built Around Its Bitcoin

Key Takeaways MSTR absorbs residual bitcoin exposure after senior claims. Five preferred securities offer different income protections. None gives holders direct ownership of Strategy’s bitcoin. Strategy Separates Equity From Preferred Income Strategy Inc. (Nasdaq: MSTR) announced Aug. 19 that it had published investor briefings covering its common stock and five preferred securities. Executive Chairman Michael […]

Atlas Shrugged and Interventionism

Atlas Shrugged and Interventionism

I. Atlas Shrugged in Brazil In 1988, when I was 27 years old, I read Ayn Rand for the first time. It was her novel Atlas Shrugged, in its just-released Portuguese edition. At that time, I already considered myself a sort of classical liberal, but my superficial knowledge of political philosophy, among many other gaps […]

Sam’s Links: July Edition

Sam’s Links: July Edition

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication called The Fitzwilliam. Most relevant to us, on his personal blog , he writes a popular link roundup; what follows is an abridged version of his Links for June. Blogs and short links 1. From […]

Bitcoin Drops 47% While Strategy’s STRC Gains 9% in a Year

Bitcoin Drops 47% While Strategy’s STRC Gains 9% in a Year

Key Takeaways STRC outperformed bitcoin by 56 percentage points over one year. Strategy’s other preferred securities recorded losses of 8% to 27%. Strategy’s common stock closed about 76% below its year-earlier level. STRC Outperforms as Bitcoin Declines STRC outpaced bitcoin by 56 percentage points over the past year, according to a one-year return chart Strategy […]