Reported about 9 hours ago
MicroStrategy, led by founder Michael Saylor, has transformed into a major bitcoin buyer since 2020, now holding approximately $38 billion in bitcoin, and its stock has multiplied significantly in value. As bitcoin prices surged by 40% since Election Day, MicroStrategy's market value soared to $90 billion, exceeding the value of its bitcoin holdings. Investors view the stock as a more appealing option for bitcoin exposure, despite concerns over its reliance on leverage and increasing risks, particularly after suffering losses during the crypto market downturn in 2022. Saylor aims to raise more capital to purchase additional bitcoin, but skepticism persists about the sustainability of MicroStrategy's model.
Source: YAHOO