Ripple CEO Slams Saylor's Borrow-to-Buy Bitcoin Strategy
Ripple CEO Brad Garlinghouse criticized Michael Saylor's Strategy for its borrow-to-buy Bitcoin approach, stating it has hurt the market. He pointed to Strategy's STRC stock trading 25% below par as a "damning indictment" of the treasury's strategy.
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THE BLOCK: Ripple CEO Brad Garlinghouse says Michael Saylor's Strategy has hurt the market. He told CNBC that Strategy's STRC stock trading 25% below par was a "damning indictment" of the treasury's borrow-to-buy bitcoin approach. https://t.co/p0wbpi2fgn
@blckchaindaily
🚨 RIPPLE CEO GARLINGHOUSE SAYS STRATEGY'S $MSTR BORROW-TO-BUY BITCOIN APPROACH HAS HURT THE MARKET, CALLS $STRC TRADING BELOW PAR A "DAMNING INDICTMENT" $XRP $BTC