Adding bitcoin to balance sheets doesn’t always mean big wins
Adding bitcoin to a company’s balance sheet has been a terrific decision for the few winners and a terrible decision for others.
Adding bitcoin to a company’s balance sheet has been a terrific decision for the few winners and a terrible decision for others.
As MicroStrategy continues to dilute common shareholders to add bitcoin to its balance sheet, insiders continue to sell into their bids.
Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor’s “$100K” New Year’s Eve party.
In November 2022, MicroStrategy had liquidation prices on its bitcoin that the crash almost triggered. Nowadays, its debts are different.
Any blackout could devastate MicroStrategy investors who have come to expect weekly BTC buys from Executive Chairman Michael Saylor.