MicroStrategy Bitcoin Debt At Risk If Cash Flows Don’t Improve
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MicroStrategy doubled its Bitcoin holdings over the past year but they don't contributed to the company's bottom line raising concerns.
Highlights
MicroStrategy to release its second-quarter results today, analysts have modest expectations for revenue growth.
The company is using software business proceeds to pay $45 million in interest expenses.
Due to tight cash conditions, MicroStrategy might delay additional Bitcoin purchases this year.
MicroStrategy (NASDAQ: MSTR), the world’s largest corporate holder of Bitcoin, has been lauded for adding a huge Bitcoin pile on its balance sheet along with other companies joining the bandwagon.
