Ripple's Brad Garlinghouse called Strategy's preferred-stock funding model "financial engineering" that distracted the market, pointing to STRC's slide to a record low as the evidence. He runs the company behind XRP, a bitcoin rival.
Ripple CEO Brad Garlinghouse remains bullish on Bitcoin despite its rival, XRP, but criticizes Michael Saylor's MicroStrategy for its "financial engineering" through preferred-stock funding. Garlinghouse argues this strategy distracted the market and points to MicroStrategy's…
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