STRATEGY INC: "MONEY-MAKING MACHINE" 2.8 BILLION USD OR JUST ANOTHER BITCOIN BUBBLE?

Bloomberg reported that Strategy Inc. (MicroStrategy after rebranding) just announced a profit of 2.8 billion USD for Q3 – largely thanks to the strong rise in Bitcoin prices, boosting the value of their portfolio to 69 billion USD.

However, the company's stock has plummeted more than 45% since the peak in November 2024. Investors are gradually doubting that Strategy's "success" is based solely on the volatility of digital assets, rather than a substantial business model.

👉 The move to issue more debt to buy more BTC makes the story even more suspicious: is this a financial strategy or just a speculative whirlpool, where paper profits can vanish after a price correction of Bitcoin?