Beyond Bitcoin’s Price: Why BitMEX Research Defends Michael Saylor’s Strategy Model

TLDR: BitMEX Research disputes claims of $64B spent vs $50B BTC value, calling it an incomplete accounting view Strategy raised capital via premium stock issuance, boosting shareholder value beyond Bitcoin price Michael Saylor Bitcoin Strategy spans multiple cycles, combining cash, debt, and equity funding Debate centers on valuation method, not BTC holdings, amid volatile crypto [...]

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