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MicroStrategy's stock dropped 44% this year, but Michael Saylor says the company can succeed without Bitcoin or selling shares.

ResultsRead the original at Benzinga
Neutral

Strategy says it could raise money through Bitcoin-backed investments, but it has not done so. Revenue missed estimates as earnings beat them, and reported Bitcoin gains are not cash yet, leaving no clear change in the company's outlook.

MSTR · MicroStrategy Incorporated

AI read · Neutral

The AI's read

This could give Strategy another way to raise money, but it has not issued these investments. Revenue missed estimates, even as earnings beat them. The reported Bitcoin gain is not cash yet, so the story does not show that this possible funding has changed the business.

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