Mar 19, 2024, 6:57 PM
Feb 27, 2024, 9:08 PM

MicroStrategy's debt-fueled bitcoin purchases helping drive froth, raising risk of downturn

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MicroStrategy's debt-fueled bitcoin purchases helping drive froth, raising risk of downturn, JPMorgan says

MicroStrategy just scooped up even more bitcoin using money raised through debt. That has contributed to propping up the cryptocurrency's price. JPMorgan says it is raising risk of downturn, raising the risk of an economic downturn. Microstrategy's debt-fueled bitcoin purchases helping drive froth, JPMorgan says.

CNBC
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Source
MicroStrategy's debt-fueled bitcoin purchases helping drive froth, raising risk of downturn, JPMorgan says

MicroStrategy just scooped up even more bitcoin using money raised through debt. That has contributed to propping up the cryptocurrency's price. JPMorgan says it is raising risk of downturn, raising the risk of an economic downturn. Microstrategy's debt-fueled bitcoin purchases helping drive froth, JPMorgan says.

CNBC
/
Source
MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls

MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls. Shares of microStrategy tumbled on Tuesday with the price of bitcoin. Company bought even more of the cryptocurrency, as it bought more of it in recent days. Company is largest corporate holding of bitcoin in the world.

CNBC
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MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls

MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls. Shares of microStrategy tumbled on Tuesday with the price of bitcoin. Company bought even more of the cryptocurrency, as it bought more of it in recent days. Company is largest corporate holding of bitcoin in the world.

CNBC
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Source
MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally

MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally. Shares of microStrategy continue to soar as the company uses every opportunity to add to its bitcoin stash. Microstrategy shares have risen 180% in value this year alone.

CNBC
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Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion

Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion. Firm added another $155 million worth of bitcoin to its balance sheet Monday. Microstrategy announced Monday that it added $155million worth of bitcoins to its account.

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