Strategy Receives Junk Credit Rating from S&P Global Ratings

According to PANews, S&P Global Ratings has assigned a junk credit rating to Strategy, formerly known as MicroStrategy, citing several vulnerabilities. These include a high concentration in cryptocurrency business, limited business scope, weak risk-adjusted capital strength, and insufficient dollar liquidity. The credit rating, announced on Monday, is B-, six notches below investment grade, with a stable outlook. Over the past five years, company co-founder Michael Saylor noted on X that this is the first time a Bitcoin asset company has received a credit rating source: https://www.binance.com/en/square/post/31601466775098?utm_source=BinanceNewsRSS