Business & Markets

Strategy Says It Can Endure Bitcoin Drop to 8000 as Debt Plan Faces Scrutiny

Strategy, the bitcoin treasury company led by Michael Saylor, says it can withstand a dramatic decline in bitcoin’s price to 8000 dollars and still meet its debt obligations. The company holds 714644 bitcoin, making it the largest publicly traded corporate holder of the asset, and maintains that even under severe downside scenarios its balance sheet […]

Business & Markets News

Braskem Idesa Faces Investor Concerns as Cash Reserves Plunge Before Debt Payment

Petrochemical producer Braskem Idesa is drawing heightened investor scrutiny after its latest earnings report revealed a steep drop in available cash ahead of an imminent bond payment deadline. The company’s financial statement showed that cash reserves fell to $46 million by the end of September, less than half of the $95 million it held just […]

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