Michael Saylor's MicroStrategy Debt Concerns Mount Amidst Hypothetical Bitcoin Crash Scenario
Michael Saylor's MicroStrategy Debt Concerns Mount Amidst Hypothetical Bitcoin Crash Scenario
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A CNBC analyst has raised serious concerns regarding Michael Saylor's MicroStrategy and its substantial $8.2 billion debt. The analyst suggested that if Bitcoin (BTC) were to crash by 90%, it would be difficult to find a bank willing to refinance or 'roll' MicroStrategy's bonds, highlighting the company's significant exposure to BTC price volatility.
Michael Saylor has so much debt that a CNBC analyst couldn’t think of one bank that would roll Strategy‘s bonds if BTC crashed 90%.