Strategy Inc, formerly MicroStrategy, drops out of the top 250 US companies as its market cap falls to $40B despite holding over 846,000 Bitcoin worth $53B.

Strategy Inc, formerly MicroStrategy, drops out of the top 250 US companies as its market cap falls to $40B despite holding over 846,000 Bitcoin worth $53B.

Strategy Inc. holds 843,738 BTC backed by $22.2 billion in debt and preferred stock. Its leveraged structure faces growing scrutiny as Bitcoin prices

Strategy’s bitcoin position has swelled to 846,842 BTC after surviving a dramatic 2022 crypto market downturn that put its balance sheet and stock price