Strategy (formerly MicroStrategy) has become the public market’s most widely traded Bitcoin proxy, using equity, convertible notes, and preferred stock to build a balance sheet dominated by the top crypto. However, as Bitcoin trades near $68,000 and Strategy shares hover below $130, investors are paying closer attention to the mechanisms that allow the company to … Continue reading Saylor says Strategy can survive Bitcoin crashing to $8,000 – but can it escape the slow bleed of dilution?