I don't understand MicroStrategy
Posted: Nov 27, 2024
- Company holds $36 billion worth of biiitttcoin
- Market cap of company is $77 billion
- Company has been losing money since 2023 Q2
- Company's main activity is borrowing money to buy biiitttcoin
- Concerns about company's ability to cover expenses, debt interest, and debt if biiitttcoin price drops
- Questioning sustainability of the business model
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