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

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.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: Canada

Topics: Business MicroStrategy Bitcoin price Crypto Crime Cartel BTC Michael Saylor

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 14:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1990 words

Reading Time: 12 minutes read

Sentences: 68 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23448319

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