09:51
MicroStrategy claims that a reserve of 650,000 Bitcoins is sufficient to pay dividends for 71 years, industry insiders: the logic has fundamental flaws.
MicroStrategy (formerly known as MicroStrategy) announced this morning that its reserve of 649,870 Bitcoins, based on the current BTC price, is enough to cover 71 years of dividends, "and any rise in the Bitcoin price exceeding 1.41% per year will completely offset our annual dividend expenses."
However, despite having such a strong "balance sheet", the S&P 500 index has refused to include it, and now MSCI may also kick Strategy out of the main index. Once the dust settles, the crypto industry could lose billions of dollars in funding.
BTC1.74%
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