Posted 12/13/2023, 10:35:00 AM
MicroStrategy Goes All In On Bitcoin, But Exposure Cuts Both Ways
- MicroStrategy was founded as a data analytics company but has pivoted to hoarding bitcoin as its core business
- It holds over 150,000 bitcoin worth nearly $5 billion, accounting for half its market valuation
- Its original software business remains slow-growing and faces fierce competition
- Bitcoin's price rebound in 2023 has boosted MicroStrategy's stock price and financials
- But its unbalanced business mix and debt load could make it vulnerable if bitcoin crashes again