MicroStrategy’s Stock Is Tied To Bitcoin’s Success Or Failure

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MicroStrategy’s Stock Is Tied To Bitcoin’s Success Or Failure

MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention. (Photo by Joe Raedle/Getty ... [+] Images)

MicroStrategy embarked on a strategy to invest some of its cash and future cash flow in alternative assets such as stocks, bonds, commodities and digital assets such as bitcoin in July last year. At the time it had a market cap of $1.15 billion, $421 million in cash and planned to invest $250 million of it in alternative assets. What has transpired is a company that has not just used cash it has generated but taken on over $2 billion in debt so that it could buy over 100,000 bitcoins for more than $2.7 billion.

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