MicroStrategy’s Bitcoin Bet Raise Red Flags As Crypto Prices Drop, Report

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Bitcoinist 14h ago

MicroStrategy’s Bitcoin Bet Raise Red Flags As Crypto Prices Drop, Report - Bitcoinist

Quick Summary:

Four years ago, MicroStrategy co-founder and Chairman Michael Saylor, turned to Bitcoin as a way to invest the company’s excess cash rather than traditional assets like short-term Treasuries.

Despite these concerns, MicroStrategy’s shares have surged 156% this year, outperforming the roughly 50% jump in BTC’s price during the same period.

However, as analysts are starting to pay closer attention, a new question has emerged: can MicroStrategy’s underlying enterprise software business keep pace with its rapidly growing Bitcoin holdings?