MicroStrategy, now rebranded as Strategy, has reaffirmed its focus on Bitcoin. The company has adopted Bitcoin as a Treasury Reserve Asset and currently holds 471,107 BTC, valued at over $46.3 billion. Strategy has become the largest corporate holder of the coin by issuing senior convertible notes to acquire more BTC. The company recently diluted its shares to gain additional collateral to hedge its debt finance for the asset. Founder Michael Saylor has reiterated his belief in Bitcoin and the company's long-term plan for it. Critics have raised concerns about excessive exposure to the risky asset.



Other News from Today