MicroStrategy's flawed Bitcoin balance sheet model
The guest argued that MicroStrategy faces structural solvency risks due to a fundamental currency mismatch between its fiat liabilities and Bitcoin assets.
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The story so far
- MicroStrategy's capital structure and reserve recoveryUNCHAINED
- Boring value stocks should adopt Bitcoin treasuriesUNCHAINED
- MicroStrategy capital structure failure riskTHE POMP PODCAST
- MicroStrategy's flawed Bitcoin balance sheet model · THIS IDEATHE JULIA LA ROCHE SHOW
- MicroStrategy stock vs holding Bitcoin directlyWHAT BITCOIN DID
- MicroStrategy's $80B Bitcoin arbitragePROF G MARKETS
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD