Bitcoin Treasury Companies: Visionary Strategy or Risky Gamble?
Bitcoin has long been a controversial topic on Wall Street. And as a small but vocal number of publicly listed companies race to amass as much as they can, it’s dividing traditional financiers more than ever before. MicroStrategy (now known as Strategy) was ahead of the curve when it began adding BTC to its balance sheet in 2020. Its aggressive purchases have mainly been funded by debt. With Bitcoin rallying by close to 700% over five years, the firm’s now sitting on billions of dollars in unrealized profit ...