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Benzinga
Benzinga
Business
David Okoya

MicroStrategy Falls Short Of Investment Grade In First S&P Global Credit Ranking

Strategy MicroStrategy Bitcoin SP SP Global Ratings junk bond
Bitcoin,Btc,Representation,Coin,With,Microstrategy,Text,In,Background.

S&P Global Ratings has assigned a so-called junk bond rating to Bitcoin treasury company Strategy (NASDAQ:MSTR).

The ratings firm on Monday assigned Strategy a B- rating with a stable outlook, well below its investment-grade threshold, citing the company’s “high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low U.S. dollar liquidity.”

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