MicroStrategy’s Bitcoin Strategy: Doubts Surround High-Risk Approach

MicroStrategy, the company known for holding $69 billion in Bitcoin, recently reported a surprising $2.8 billion profit. This financial boost stemmed from its sizable Bitcoin holdings, yet investors remain skeptical. The stock has plummeted 44% since last year’s peak, erasing its previous premium and raising concerns about MicroStrategy’s risky approach to corporate finance strategies. CEO Phong Le is exploring international funding options and ETFs in a bid to optimize shareholder value. 💰