Corporate Bitcoin treasuries swung into widespread unrealized losses in November, as Bitcoin’s brief drop below $90,000 left roughly 65% of measurable corporate holders in the red.
Strategy released a letter to MSCI arguing that their proposed digital asset threshold is “misguided” and would have “profoundly harmful consequences."
Strategy’s Michael Saylor claims he met with every Middle East sovereign wealth fund to pitch Bitcoin-backed credit, positioning digital capital as a yield-generating alternative to traditional fixed income.
Strategy purchased 10,624 bitcoin for about $963 million last week, lifting its total holdings to 660,624 BTC as shares edged higher alongside a modest rebound in bitcoin prices.
