MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it’s sold $339 million in shares.
MicroStrategy says revenues from its analytics business may not be enough to pay its debts and it may have to sell its bitcoin or more shares.
Michael Saylor, chairman of MicroStrategy, candidly explained why he went all-in on bitcoin… and what happens if the firm goes broke.
With a hawkish Fed and structural risks affecting crypto markets, short-sellers may feel they can short the industry’s weakest links.
With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.
- Binance invested heavily in lobbying before guilty plea
- Top Binance exec Noah Perlman’s ties to Epstein, Moonstone, and Gemini
- CFTC demands Coinbase user data in suspected Bybit probe
- Tether gives FBI peek behind the curtain
- Binance card withdrawals have been down for a week
- HTX hacked week after Poloniex — now Justin Sun only posts as AI
- Binance and CZ plead guilty but SEC lawsuit remains
- Tether sent $1B to UK firm owned by prominent Conservative donor
- M2: Did Mr. Wonderful endorse the next FTX?