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BitMEX disputes $14B loss claim on Michael Saylor's Bitcoin Strategy, citing shareholder value from premium stock issuance.

Market News
06 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Michael Saylor's Bitcoin Strategy faced criticism after data suggested it spent $64 billion on Bitcoin now worth $50 billion, implying a $14 billion paper loss. BitMEX Research countered this by highlighting that the company created shareholder value through issuing stock at premiums, which investors paid for despite Bitcoin's price drop. The strategy involves long-term Bitcoin accumulation funded by cash, debt, and equity across market cycles, focusing on value beyond short-term price changes. The debate now centers on valuation methods rather than Bitcoin holdings, with BitMEX emphasizing the value generated from premium stock issuance.

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