Who knew that in order to create a $50B business you don't need to have any good product. You just issue shares and debt to buy Bitcoin and everybody will give you their money.
Silly me.
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Synthetic bitcoin miner.
true story, nobody believed him when he shared his plan, even though the math supported his plan, he is playing the system smoothly...
Book value.
Its modern day alchemy, turning shit into gold
That is the thing .. a believer is more than God himself :-)
when you buy #bitcoin - you invest in #nostr .. #amethyst .. #damus .. #lighning .. #cashu .. #liquid ..and every single developer in this space .. and creatives .. and users
#blockchain is just a ledger of long strings - the value exists all around it ..
You just described how most corporations are run.
Borrow money, expand, borrow money expand.
No, regular companies borrow money to build products that take over markets whose profits push the evaluation higher. That's not what Microstrategy is doing. They are just holding. There is not risk to the company.
unless the product was dead from the start and instead is used to launder money and improve tax situations
It’s so simple to become on paper wealthy. Exploitation is historically accurate.
Choosing Love of humanity … I sleep better 😂🫂🤩
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They are doing the same as the rest of us, riding the bitcoin monetization wave. They are just taking advantage of access to cheap capital. Your problem is with the entities that buy MSTR debt and equity.
or just issue stablecoin？
Even better if you DO have a good product
Me: Process Duplicated..
NGU cultists are useful idiots led by Saylor 