MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name

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CoinGeek 2w ago

MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name - CoinGeek

Quick Summary:

MicroStrategy released its Q3 financial report, revealing a decline in revenue from its (formerly) core business intelligence software business, while expenses and net losses saw notable increases.

The post MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name appeared first on CoinGeek.

Second, the BTC spot-based exchange-traded funds (ETF) have seen record inflows as institutional investors followed Saylor down this garden path, hoping to mirror the sixfold rise in MicroStrategy’s year-to-date share price.