Latest / SpendNode Podcast: Crypto News & Analysis
Strategy's Bitcoin Math Trap: Saylor's Flywheel Is Now Running in Reverse
WSJ says Strategy is caught in a math trap: 847,363 BTC underwater, mNAV near 0.80, and a $1.2B annual preferred dividend bill. The flywheel has reversed. Read the full article: https://www.spendnode.io/blog/strategy-bitcoin-math-trap-flywheel-reverse-july-2026/
The skinny
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