MicroStrategy’s Bitcoin bet: Infinite money glitch or risky gamble? – Lionel Laurent

MicroStrategy's meteoric stock rise, fueled by founder Michael Saylor's Bitcoin strategy, seems like a corporate "infinite money glitch." By tapping markets to buy Bitcoin, the company turned $4.3 billion in debt into a $24 billion crypto hoard. But with Bitcoin's volatility and an eye-watering $42 billion borrowing plan, sustainability looms as a major risk. Will Saylor's faith in Bitcoin sustain this high-stakes bet, or is a reckoning inevitable?

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here. 

By Lionel Laurent ___STEADY_PAYWALL___