TLDR:
- Strategy holds 847,000 BTC worth ~$54B, exceeding debt by approximately $48 billion today.
- The firm raised over $60B post-2022 crisis and added more than 716,000 BTC to reserves.
- Bitcoin trades at $63,703, a level analysts call a critical decision point for the market.
- Critics flag leverage risks in STRC preferred stock while supporters cite Saylor’s track record.
Strategy Inc. has completed one of the most dramatic reversals in corporate financial history. The firm, formerly known as MicroStrategy, held 130,000 BTC worth roughly $2.6 billion in October 2022.
Its stock traded at $24 on a split-adjusted basis, and Bitcoin was near $20,000. Weeks later, debt outpaced the company’s combined Bitcoin and cash…