Invetor Mike Alfred Ditches MSTR for Strive, Calls Saylor’s Plan a ‘Fairy Tale’
Investor Mike Alfred has issued a sharp critique of Michael Saylor’s Strategy Inc. (MSTR). In a new , Alfred argued that the company’s aggressive use of preferred stock debt effectively renders its Net Asset Value (NAV) “irrelevant.” He described the valuation model as a “fairy tale” due to the dilution risks faced by common shareholders.
2025-11-19 23:00:00
