Saylor announcing to the world that he will buy $900M more in BTC and no other large company is doing anything is like someone saying that they want to buy large amounts of water in Sahara using sand, and no one else bats an eye. He is front running the whole corporate world!
Discussion
It will be seen as a legendary move in the future
It will be so obvious in hindsight. Most corporates and people are just blind. Brainwashed for years and years
I donβt get why people are still lending him money to do it π
It's probably close to a win-win as one can get. Provided they don't go bankrupt, the investor gets their principle back at worst. If the notes mature, they potentially have a moonshot.
You could also make a case that their Bitcoin holdings is a second insurance policy against bankruptcy so it probably tamps the risk in their eyes even more.
He's paying them 3% to 4% while bitcoin appreciates in the low 60% per year. Saylor is getting a free roll and if MSTR goes bankrupt, their shares are worth zero anyways.
Right, but these guys are betting on his play, too. Most have covered calls so they could be making 30-40% on those while they ride it out and they're essentially getting that for free.
At least that is how I saw it explained several months back when people were questioning why people were still buying.
Seems like a lot of companies would rather go bust than buy bitcoin.