The price of the world's largest digital asset fell roughly 60% from peak to trough in the months of April to June.on earnings is a balance-sheet exercise in imaginary pain, because those losses are theoretical until the company changes its buy-and-hold strategy."Frankly, it doesn’t really matter. It has no impact on the inherent value of the company," Mark Palmer, research analyst at BTIG, tells Axios.
: MicroStrategy's stock price has become closely tied to the price of bitcoin, so outside of bitcoin prices rising, the company will have to figure out a way to continue funding its buy-and-hold strategy, Palmer said.: MicroStrategy has reached for every financial lever available to the public company to fund the buy-and-hold bitcoin strategy it announced in August 2020.
“What they're saying: 'Frankly, it doesn’t really matter. It has no impact on the inherent value of the company,' Mark Palmer, research analyst at BTIG, tells Axios.” Mark, you took 4 billion dollars and said you didn’t need it
LOL