Topic: #microstrategy
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JPMorgan warns MicroStrategy bitcoin sales create two-way market risk
JPMorgan analysts said MicroStrategy's policy of selling bitcoin to fund preferred dividends introduces unnecessary volatility into crypto markets. The bank recommends equity issuance instead to build a 24-36 month cash buffer.
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MicroStrategy stock crashes to 52-week low as Bitcoin recovers after Micron earnings
MicroStrategy's stock fell 9.35% to a 52-week low on Wednesday as its treasury strategy faced fresh stress, while Bitcoin recovered to $61k following a positive earnings surprise from Micron.
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MicroStrategy sells first Bitcoin since 2022; ECB warns on stablecoin dollar dominance
MicroStrategy sold 32 Bitcoin for $2.5 million, its first sale since 2022, to fund preferred stock distributions. Meanwhile, the ECB warned that stablecoins could entrench dollar dominance in tokenized finance.