Juan C. Guerrero

Software

Michael Saylor Has Built A House of Cards That Could Tumble Down | HackerNoon

When MicroStrategy’s stock plummeted 55% from its November high, most focused on the price drop itself. But they missed something far more important: A potential $8.2 billion debt bomb that could force the liquidation of nearly 500,000 Bitcoin. Here’s the uncomfortable truth: MicroStrategy created the most aggressive leveraged Bitcoin position in history, and now the bill might be coming due. Think about it. Right now: MicroStrategy holds 499,096 Bitcoin worth $43.7 billion They’ve borrowed $8.2

Read More ยป