MicroStrategy's $37 Billion Bitcoin Bet Fuels Debate Over Sustainability

The company, led by Michael Saylor, has become the largest corporate holder of Bitcoin but faces scrutiny over its high-risk strategy.

MicroStrategy now holds 386,700 Bitcoin, valued at approximately $37 billion, surpassing the Bitcoin holdings of both the U.S. and Chinese governments.
The company has seen a 416% stock price increase year-to-date but recently dropped 40% from its all-time high, raising concerns about overvaluation.
Michael Saylor's strategy involves leveraging convertible debt and stock sales to fund Bitcoin purchases, betting on long-term price appreciation.
Retail investor activity has surged, with record-breaking daily purchases of MicroStrategy stock, but recent volatility has left many facing significant losses.
Analysts question the sustainability of MicroStrategy's model, which depends on Bitcoin's continued growth and the company's ability to secure low-cost financing.