Strategy's CEO Floats 'Bitcoin Winter' Risk in Reset Memo
Phong Le acknowledged on a podcast that a multi-quarter price freeze remains a real possibility — a notable change of tone from the firm's usual unalloyed bullishness.
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Phong Le acknowledged on a podcast that a multi-quarter price freeze remains a real possibility — a notable change of tone from the firm's usual unalloyed bullishness.
More than a dozen smaller listed companies have rebranded around large Bitcoin holdings, hoping to capture the equity premium MicroStrategy turned into a category.
Plush toys, Walmart shelves, and a hit Roblox experience have made the cartoon penguins one of the few NFT brands to reach a broad consumer audience.
MicroStrategy/Strategy slowed its at-the-market equity issuance program sharply in November, as the premium of MSTR shares to underlying BTC NAV narrowed.
Islamabad announced a coordinated effort to attract industrial-scale mining operators, citing surplus generation capacity and a regional push for hard-currency revenue.
The MicroStrategy playbook works beautifully in a bull market and brutally in a sustained drawdown. The next twelve months will be the test.
Position-sizing strategies and exit timing rules built around prior Bitcoin cycles are now dangerous to follow without significant modification.
MicroStrategy made the playbook look easy. The next downturn will reveal which copies were genuinely operational and which were leveraged caricatures.