‘Cash Is Trash,’ So Let’s Bet $425 Million on Bitcoin – The Wall Street Journal


In volatile markets, you can use cash as offense or defense. MicroStrategy Inc., which recently had half-a-billion dollars in cash sitting around, thinks it can do both.

The company could have gotten rid of its excess cash by paying a big dividend or by buying back much of its stock. Instead, MicroStrategy bet half its total assets on bitcoin. So is this a publicly traded company or is it a hedge fund?

This…



READ SOURCE

READ  South Korean Exchange CEO Sentenced to 16 Years in Prison

LEAVE A REPLY

Please enter your comment!
Please enter your name here