Michael Saylor’s Bitcoin Bet Faces Reality Check as Strategy Slips

Strategy, formerly MicroStrategy, is one of the biggest Bitcoin advocates. For years, the business intelligence firm has been buying BTC, adding the digital gold into its balance sheet. So far, MicroStrategy is the largest holder of BTC with over 687,000 BTC worth over $63Bn. While their strategy has been an inspiration to many other public companies, including MetaPlanet, MicroStrategy is facing challenges: The Bitcoin price has, in recent months, been stalling, even dropping. As a result, the MSTR stock ...