Strategy lent money to buy Bitcoin. As Bitcoin’s price drops, the company’s problems are growing by the minute
Until recently, Michael Saylor was the crypto world’s biggest hero. That’s because he decided in 2020 to transform his small software company, MicroStrategy (now Strategy), into the world’s biggest Bitcoin whale. As his plan worked so well in 2020 and 2021, he began borrowing more and more money to finance this Bitcoin buying strategy. That […]