Michael Saylor Is Telling The Truth ABout Strategy's Bitcoin Stash, Coinbase Exec Says

Benzinga_recent_news02-18 01:44

John D’Agostino, Coinbase's Head of Institutional Strategy, appeared on CNBC Tuesday to weigh in on the market volatility. D’Agostino emphasized that while the decline looks large in dollar terms, it’...

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Comments

  • Guavaxf3006
    02-18 07:40
    Guavaxf3006
    I will not add much weight on what the CEO of Coinbase is saying in defence of Michael Saylor. Coinbase's wellbeing id linked very strongly to MSTR's survival.  Just look at data and truths. MSTR registered huge loss last quarter after full-realisation of paper losses in the value of the Bitcoin holding. And this was when Bitcoin closed around $74k versus their average cost price of $76k.  Now Bitcoin has fallen even more to $67k and Cryptocurrency as a whole seems to be entering deeper into a cold spell. And Michael Saylor is increasing his bets by issuing more preferred shares, which pays as high as 12% dividend, to buy even more Bitcoin. At prices higher than latest. What do you think MSTR's results will be if they do an audit declaration now?
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