MicroStrategy’s Risky Bitcoin Bet
MicroStrategy, the business intelligence firm, is taking a huge gamble on Bitcoin, and it could backfire, according to BitMEX Research. Their strategy of constantly borrowing money to buy more Bitcoin is raising concerns. A Debt-Fueled Bitcoin Strategy MicroStrategy has amassed a massive Bitcoin hoard, largely financed through issuing bonds. They currently have $4.25 billion in…
