Strategy financial report PPT is suspected of being misleading. Experts: Equating Bitcoin's rise with regular income is deceptive.

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[Golden Finance] Andy Constan, CEO and Chief Investment Officer of Damped Spring Advisors, stated that Strategy Corp (formerly MicroStrategy) misled investors last month when comparing itself to companies in the S&P 500 index.

A veteran on Wall Street stated that this Bitcoin purchasing company compared its price-to-earnings ratio to companies like Apple and Nvidia in a slide from its second-quarter earnings report presentation, calling it "100% fraud".

Konsutan believes that this slide implies that the revenue from the Strategy is recurring, while in fact, its performance growth is driven by the "one-time, market value-based" increase in the value of the Bitcoin it holds.

He added, "They are marketing this (income) to investors, promoting it as a recurring revenue that justifies a high price-to-earnings ratio. This is misleading."

PPT-0.38%
BTC-0.34%
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WhaleSurfervip
· 08-15 03:54
The clown operation is really eye-watering.
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Degentlemanvip
· 08-15 03:49
Not targeting that company is not a conceptual shift.
View OriginalReply0
HalfBuddhaMoneyvip
· 08-15 03:30
play people for suckers then Rug Pull, the old financial tricks.
View OriginalReply0
MagicBeanvip
· 08-15 03:29
Playing with hype like this is too intense.
View OriginalReply0
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