Strategy Reports Rising Costs Alongside Saylor's Bitcoin Bull Market Claims
(3 hours ago) · 1 source · Summarized by CryptoBipto
Michael Saylor has declared the start of a new Bitcoin bull market, but financial disclosures from his company Strategy (formerly MicroStrategy) reportedly show significant costs associated with its Bitcoin holdings. The company's own reported numbers suggest that its aggressive Bitcoin acquisition strategy has come with substantial financial burdens.
WHY IT MATTERS
Strategy (formerly MicroStrategy) is one of the most well-known companies that has put Bitcoin on its corporate balance sheet, essentially using company funds and borrowed money to buy and hold Bitcoin.
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SOURCES
- cryptoslate.com
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