MicroStrategy Incorporated is a software company that has increasingly tied itself to the Bitcoin phenomenon as part of its core business strategy.The company currently holds over $5.8 billion worth of bitcoin and has increasingly been raising debt as well as equity with the sole purpose of increasing its BTC holding.Bitcoin’s bearish trajectory could prove disastrous for MSTR, especially if the coin price falls beneath $21,000, which would trigger a margin call, and close to bankruptcy.The company’s software segment performance has also been deteriorating, with consistent losses, with a failure to meet analyst expectations in its most recent quarterly results.
Coinbase Challenges WBTC Delisting Lawsuit
