Strategy Inc survives crypto market meltdown with fresh financial engineering

12 articles · Updated · Bloomberg · May 5

Michael Saylor's Bitcoin-buying firm weathered the slump even after disclosing a $12.4bn loss on 5 February, when Bitcoin had halved from prior levels and its shares fell even more.
The report says the company used new financing tactics to withstand the crash, preserving its ability to keep operating despite heavy paper losses tied to its large cryptocurrency holdings.
Strategy's resilience highlights how leveraged corporate Bitcoin buyers remain exposed to extreme volatility, even as financial structuring can buy time during sharp market downturns.

Is Michael Saylor's firm a financial innovator or a time bomb at the heart of the crypto market?

With one company's debt fueling Bitcoin's rise, what happens to the market if this high-stakes gamble finally fails?