3 ms·
> The current market cap of the company is $89bn while its reserve of 386,700 bitcoins is worth $37bn Matt Levine also wrote about MicroStrategy's market funde
by kristianp 2y ago
> The current market cap of the company is $89bn while its reserve of 386,700 bitcoins is worth $37bn
Matt Levine also wrote about MicroStrategy's market funded bitcoin purchases:
"Sometimes, though, you find a stock-price-management strategy that is so good that the only reasonable reaction is to chuck out your operating business and spend all your time issuing stock. MicroStrategy is having a great time".
https://www.bloomberg.com/opinion/articles/2024-11-18/palantir-delivers-the-tendies https://www.bloomberg.com/opinion/articles/2024-11-18/palant...
https://archive.is/3BpKO https://archive.is/3BpKO