CryptoFortuneabout 4 hours ago
Saylor's preferred stock gamble risks Strategy death spiral
6 min read
Strategy's stock trades at a premium above its Bitcoin holdings minus liabilities, a vestige of Michael Saylor's past accretion game. That premium could vanish if Bitcoin's price drop continues, sending shares far lower. Strategy holds 844,000 Bitcoin worth $51.1 billion at $60,500 per coin.
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