S&P Rates Michael Saylor’s Bitcoin Strategy as ‘B-‘, Highlights Speculative Risks

S&P Global Ratings has assigned Michael Saylor’s Bitcoin-focused company a B- credit rating, placing it in the speculative, non-investment-grade category. The stable outlook acknowledges the company’s reliance on Bitcoin for its core asset and limited diversification, highlighting liquidity and concentration risks as key concerns. The agency noted Strategy’s high concentration in bitcoin reserves alongside weak risk-adjusted capitalization and limited U.S. dollar liquidity.