MicroStrategy Holds Less Bitcoins Than You Think (Q2 Earnings Preview)

This leads me to believe that the firm will continue to depend on the capital markets to pay down debt in order to both sustain operations and acquire BTC. In total, MicroStrategy has raised $3.2b in equity and $3.6b in debt to purchase BTC. MicroStrategy & MacroStrategy As for being a leveraged approach to BTC, ProShares Ultra Bitcoin ETF (BITU) offers a 2x leveraged approach to trading BTC without the operational risk as experienced with MSTR. The niche that management calls for in holding MSTR is that in ...