Ripple CEO says Saylor's strategy has negative market impact

Ripple CEO Brad Garlinghouse said Michael Saylor's MicroStrategy has had a negative impact on the market. In an interview with CNBC, Garlinghouse pointed out that MicroStrategy's perpetual preferred stock (STRC) is trading at a 25% discount to its face value. He noted this demonstrates the limitations of a financial strategy that relies on borrowing to purchase Bitcoin.