For the first time in the company’s history, strategy’s market value has fallen below its bitcoin net asset value
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Strategy (formerly MicroStrategy) has seen its market valuation drop below the value of its Bitcoin holdings for the first time ever. As Bitcoin fell under $100,000, investors grew increasingly concerned about the company’s heavy leverage, sparking fears of a potential “death spiral” if BTC continues declining.
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They use millions in Salary monthly.
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Their burn rate on salaries alone is insane.
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Their salary burn rate eats millions every month. No surprise investors get nervous.