MicroStrategy co-founder Michael Saylor’s aggressive Bitcoin acquisition has sparked both admiration and criticism. The company, the largest corporate Bitcoin holder globally with 447,470 BTC, has transformed from a software firm to a de facto Bitcoin treasury.
Critics warn that MicroStrategy’s reliance on Bitcoin’s volatile price could jeopardize its financial stability, especially if a sharp decline occurs. However, Saylor remains steadfast, dismissing the idea of selling Bitcoin, calling it “the winner.”
Since August 2020, Saylor has funded BTC purchases through corporate cash and debt issuance, including convertible notes and senior secured notes. While some call this a stroke of genius, others see it as a risky gamble that could reshape the company’s future.
Source: Cointelegraph
