The Illusion of Stability: Why Strategy’s Bitcoin Model Is Cracking
by Ram ben Ze’ev The Illusion of Stability: Why Strategy’s Bitcoin Model Is Cracking What happens when a company becomes so deeply committed to its core asset that it can no longer step away from it without causing its own collapse? That is the question now facing Strategy, and the answer is neither flattering nor encouraging. The company has become synonymous with its Bitcoin reserves. As of this writing, Bitcoin is trading around $86,700 per coin, and Strategy sits on a massive holding of...
