Bitcoin Price Drop Threatens MicroStrategy’s Profits and Future Strategy
Bitcoin’s Sudden Plunge Leaves MicroStrategy on Shaky Ground Once hailed as the ultimate corporate Bitcoin evangelist, Michael Saylor and his company, MicroStrategy, are now feeling the heat. The recent sharp downturn in Bitcoin’s price has pushed the company’s massive crypto holdings dangerously close to breakeven. While there’s no immediate threat of collapse for MicroStrategy’s balance…
