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170 MicroStrategy's Big Bet On Bitcoin Went Stratospheric

Slashdot
BeauHD @ Slashdot · 12/31/2024 16:45 EDT

MicroStrategy's Big Bet On Bitcoin Went Stratospheric

MicroStrategy has transformed into a "bitcoin treasury company," investing billions in bitcoin through debt and equity issuance, driving its stock price up nearly 400% in 2024 despite declining software revenues and heightened financial risks. The Guardian reports: In the summer of 2020, as the Covid-19 pandemic upended economies around the world, an obscure U.S. software firm decided to diversify. MicroStrategy, whose head office is situated next to a shopping mall and metro station in Tysons Corner, Virgi

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