MicroStrategy’s Bitcoin debt loop: stroke of genius or risky gamble?
Critics call it heedless; supporters say it’s brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.
MicroStrategy co-founder Michael Saylor has adopted an aggressive Bitcoin acquisition strategy that onlookers say is either a visionary stroke of genius or a reckless gamble.
Those in the latter camp warn that MicroStrategy’s heavy reliance on a volatile asset like Bitcoin is fraught with risk. A significant drop in Bitcoin’s price could strain the company’s balance sheet and heighten financial pressures, potentially undermining its ability to meet debt obligations or raise additional funds.
Despite the risks, Saylor remains resolute. The American entrepreneur says he has “no reason to sell the winner.”
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Author: Yohan Yun
