Michael Saylor’s Bitcoin machine hits $8 billion cash wall as STRC crashes 25% below par

Strategy, the Bitcoin treasury and enterprise software company formerly known as MicroStrategy, has spent years turning public markets into a funding engine for Bitcoin purchases. That model helped make the company the world’s largest corporate holder of the digital asset.… Strategy, the Bitcoin treasury and enterprise software company formerly known as MicroStrategy, has spent years turning public markets into a funding engine for Bitcoin purchases. That model helped make the company the world’s largest corporate holder of the digital asset. Now, the securities used to power that strategy are flashing stress. The pressure is centered […] The post Michael Saylor’s Bitcoin machine hits $8 billion cash wall as STRC crashes 25% below par appeared first on CryptoSlate.