MicroStrategy Faces Catastrophic Risk as Bitcoin Falls to $60,000

MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance-sheet risk. Shares of the company fell sharply as Bitcoin extended its sell-off, reflecting Strategy’s role as a leveraged proxy for the cryptocurrency. The stock’s decline also pushed The post MicroStrategy Faces Catastrophic Risk as Bitcoin Falls to $60,000 appeared first on BeInCrypto.