1) $MSTR issues debt to buy $BTC

2) $BTC ⬆️ against debt, $MSTR mktcap ⬆️

3) $MSTR mktcap ⬆️, weight in indices⬆️

4) $MSTR issues equity to buy $BTC

5) $BTC ⬆️, $MSTR mktcap ⬆️, weight in indices⬆️

6) $MSTR issues more equity to buy $BTC, total $BTC ⬆️

Repeat. 🔄🔄