Crypto
Tuesday, 6/30, 11:43 PM
Strategy's Bitcoin Bet Is Under Strain. Its Fix Divides Wall Street.
- Strategy — the company formerly known as MicroStrategy and the world's largest corporate holder of bitcoin — has unveiled a capital overhaul to quiet fears of a 'death spiral' as bitcoin sags.
- Its stock is down far more than bitcoin itself, and analysts are split on whether the fix removes the risk or just delays it.