[S&P Global Assigns Strategy a 'B-' Credit Rating, Categorized as Junk Bond Status but with Stable Outlook] BlockBeats News, October 28: S&P Global Ratings has assigned the largest Bitcoin treasury company, Strategy, a 'B-' credit rating, categorizing it as speculative and non-investment grade (commonly referred to as 'junk bond')—but also noted that the Bitcoin treasury company's outlook remains stable. In a report released on Monday, S&P stated: 'We believe Strategy's high concentration in Bitcoin, single business structure, weak risk-adjusted capital strength, and insufficient dollar liquidity are all weaknesses in its credit profile.' It is reported that Strategy has accumulated a reserve of 640,808 Bitcoins through equity and debt financing. S&P pointed out that the stable rating outlook assumes the company will prudently manage convertible debt maturity risks and maintain preferred stock dividend payments, which may require further debt issuance to achieve. S&P Global also emphasized that Strategy faces an 'inherent currency mismatch risk'—all of its debt is denominated in U.S. dollars, while most of its dollar reserves are used to support the company's software business, which is currently roughly at break-even in terms of revenue and cash flow.