Strategy's bank credit pitch draws criticism as BTC falls below its cost basis
Strategy said bank credit will drive BTC adoption, while critics note BTC is about 15.8% below its $75,500 average cost.
Confirmed
- Strategy says bank credit will be a key driver of BTC adoption
Not yet known
- Whether Strategy has lost about $10.2B, as critics claim (not verified)
- Whether bitcoin is about 15.8% below Strategy's $75,500 average cost (critics' figure)
- Whether Strategy's bank credit pitch is a Ponzi scheme, as critics argue
What we know
Strategy said bank credit will be a key driver of BTC adoption. Critics argue the company has lost about $10.2B, with bitcoin 15.8% below its cost average, and call the pitch a Ponzi. These are critics' claims, not verified figures.
Bitcoin (BTC/USDT)
$65,568 +1.3% · 3 mo
Sources
@saylor
“Bank credit is going to be a key driver of $BTC adoption.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.