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S&P hits Strategy with B- ‘junk bond’ rating, citing narrow Bitcoin focus

S&P hits Strategy with B- ‘junk bond’ rating, citing narrow Bitcoin focus

2025-10-28

S&P hits Strategy with B- ‘junk bond’ rating, citing narrow Bitcoin focus

S&P Global Ratings said Strategy’s high Bitcoin concentration and low US dollar liquidity, among other factors, are weaknesses for the firm.

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