Strategy Is Teaching Traders a Lesson in Leverage and Volatility
Michael Saylor’s bet on Bitcoin has gone awry, punishing holders of leveraged ETFs
Crypto Market Gripped by Fear
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Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price.
Strategy Inc. was once hailed for wrapping crypto exposure into a public stock. Now the company is scrambling to calm markets after its shares plunged more than 60% from recent highs amid a sweeping digital-currency rout. On Monday, Strategy said it had created a $1.4 billion reserve to fund dividend and interest payments, hoping to ease fears that it may be forced to sell Bitcoin if prices fall further.