Strategy—yes, that’s what MicroStrategy calls itself now, like a midlife crisis in brand form—just posted a $4.2 billion Q1 loss, mostly because Bitcoin dipped and U.S. accounting standards treat crypto like radioactive waste. Most companies might pause. Reflect. Maybe rethink things.
Michael Saylor? He’s doubling down like a man who’s been dared to bankrupt himself by a Discord server. The firm is now raising $21 billion—billion, with a ‘B’—to buy more Bitcoin, bringing their total hoard to over 553,000 BTC, or about 2.64% of the entire supply. That’s not diversification, that’s financial arson.
Imagine being a publicly traded company and deciding the best course of action after haemorrhaging billions is to do the exact same thing but louder. Saylor’s not hedging bets. He’s playing Russian roulette with a bazooka—and somehow calling it corporate strategy.
