【Wall Street Veteran: Strategy Comparing Itself to Apple and Nvidia is '100% Fraud'】Golden Finance reports that Andy Constan, CEO and Chief Investment Officer of Damped Spring Advisors, stated that the Strategy company (formerly MicroStrategy) misled investors last month when comparing itself to companies in the S&P 500 index. This Wall Street veteran claimed that the bitcoin purchase company compared its price-to-earnings ratio with companies like Apple and Nvidia in a slide from its second-quarter earnings report presentation, which is '100% fraud.' Constan believes that this slide implies that Strategy's earnings are recurring, whereas in reality, its performance growth is driven by the 'one-time, market value measured' increase of its bitcoin holdings. He added, 'They are marketing this (revenue) to investors, promoting it as recurring earnings worthy of a high price-to-earnings ratio. This is misleading.'
