@calvine
The company's aggressive Bitcoin acquisition strategy has been financed through convertible notes and significant debt, drawing both admiration and criticism. Economist Peter Schiff, a known Bitcoin skeptic, has criticized MicroStrategy's approach, highlighting the risks associated with its cyclical strategy. Schiff argues that the company's reliance on borrowing and issuing shares to purchase more Bitcoin could lead to a collapse if Bitcoin's value declines, preventing MicroStrategy from meeting its financial obligations. Despite these concerns, MicroStrategy's executive chairman Michael Saylor defends the strategy, citing a BTC yield of 26.4% or 157.5 BTC per day, achieved without operational costs.
0 reply
0 recast
0 reaction