Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to “digital treasuries” might take the cake.
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The exploit, which hit Balancer’s v2 liquidity pools on multiple blockchains, reportedly affected projects that “forked” the exchange’s code.
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Strategy diluted shareholders by $69.5M but bought $45.6M of BTC. These 183,501 extra shares accreted less than the proceeds to its treasury.
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