Quick ReadCoinbase's subscription and services revenue hit $583M, representing 44% of net revenue and giving it durable cash ...

Quick ReadMSTR buyers pay a 10% premium over actual bitcoin value, while IBIT tracks spot price directly for just 0.25% ...

MicroStrategy (MSTR) now faces increased competition in its debt arbitrage business and diminished correlation with Bitcoin. MSTR's performance has lagged Bitcoin, with its mNAV efficiency declining ...

MSTR earnings came out May 1. My morning media stops last Thursday (here and here) asked for a preview. We don't talk about stocks, so I planned to zoom out and hit themes. While preparing, I had to ...

In my previous articles, I argued that MSTR’s business model is flawed. I still maintain the same view. An investor’s view of Bitcoin’s investment and future price trajectory is one thing (which I ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The selloff intensified after Bitcoin crashed 13.5% in a ...

First, Strategy takes on leverage by issuing equity and debt to invest the proceeds into bitcoin, earning the difference between the return on bitcoin and its cost of capital (ie. “carry”).

Strategy’s cash reserve is down 38% as dividend obligations near $1.2 billion, raising dilution risk for MSTR shareholders.

Forbes contributors publish independent expert analyses and insights. Korok Ray is a PhD economist/professor who researches/teaches Bitcoin. Strategy, formerly known as MicroStrategy, is the largest ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. As you may be aware, Michael Saylor is Strategy’s founder ...