MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies
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MicroStrategy, now known as Strategy, has reduced its workforce by 20% while continuing its aggressive bitcoin purchasing strategy. The company has been buying bitcoin so frequently that it now reports when it hasn't made a purchase.
February 18, 2025 | 9:00 pm
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MicroStrategy has reduced its workforce by 20% amid its ongoing aggressive bitcoin acquisition strategy. The company is so focused on bitcoin purchases that it reports when it hasn't bought any.
The workforce reduction could lead to short-term operational challenges, but the company's focus on bitcoin acquisition remains strong. The impact on stock price is uncertain as the market may react to both the cost-cutting measure and the continued bitcoin strategy.
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IMPORTANCE 80
RELEVANCE 100