Michael Saylor’s firm, Strategy Inc., has received a B- credit rating from S&P Global Ratings for its Bitcoin-focused business model. This marks the first time a major credit agency has rated a company that holds Bitcoin as its primary asset. The rating, which assigns Strategy Inc. to speculative territory with a stable outlook, has generated significant attention and sparked debate about how traditional finance will handle businesses reliant on cryptocurrency in the future. S&P cited Strategy’s heavy reliance on Bitcoin, limited liquidity, and dependence on debt financing for the B- rating. Despite being classified as junk bond status, Strategy Inc.’s stock price saw a positive response, rising 2.27% on the day of the rating announcement. 2023 marks a significant milestone in the integration of cryptocurrencies into financial institutions. This report analyzes S&P’s decision and its implications for Bitcoin’s future in corporate finance.