MicroStrategy now owns 1.2% of Bitcoin and plans to raise $42 billion over three years to acquire more. Critics, like Coinshares, question the feasibility and financial risk of this strategy, with half of funding from debt. Concerns include MicroStrategy’s influence on BTC’s decentralized nature and potential market instability if forced to sell. 0 SHARES
Sharon Harris is a journalist who specializes in covering the fintech sector. With a focus on providing insights and analysis on the latest trends and developments in the industry, Sharon's work has been featured in various publications such as Born2Invest, Naples Daily News, The News-Press Media Group, Citrus County Chronicle, and Forbes. She aims to keep readers informed about the rapidly evolving world of financial technology and its impact on businesses and consumers.