As reported by Ourcryptotalk, Michael Saylor and Strategy are facing criticism after a $27 million deposit for a new corporate jet was revealed in a recent SEC filing. The move has drawn backlash from investors amid a 40% year-to-date drop in Strategy’s stock price and Bitcoin’s decline. Critics argue the funds could have been used to purchase 300–350 Bitcoin instead. The company had raised $1.478 billion in late November, with most funds allocated to a cash reserve for debt and dividends. Strategy’s modified net asset value has fallen to 0.87x, trading below its Bitcoin holdings. Saylor has defended the decision, stating the jet is a small expense relative to the company’s balance sheet and necessary for global operations.
Michael Saylor Faces Shareholder Backlash Over $27M Jet Deposit
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