fromFortune
4 days agoWhen Bitcoin prices turned against Michael Saylor, he quietly pivoted to risky financial gambit at Strategy | Fortune
Few business topics are garnering more coverage than Michael Saylor's unconventional strategy at Strategy, the software purveyor turned Bitcoin treasury outfit he still controls as top shareholder and Executive Chairman (the firm was formerly known as MicroStrategy). But one big shift has gone almost entirely unnoticed. As Bitcoin prices plunged, Saylor has attempted to remediate the situation by unleashing a torrent of new shares, the size of which has never before witnessed by a big market cap U.S. company. This immense dilution is keeping his Bitcoin stash growing as a point of pride-but dragging shareholders into dangerous territory.
Cryptocurrency