I think the way it could play out is if Bitcoin goes much higher, MSTR share price moons, MSTR issues more debt to buy Bitcoinetc, until MSTR doesn't have the cash flow to service the debt without selling Bitcoin. Then the Bitcoin price crashes, their debt is not serviceable and they have to sell into a falling Bitcoin market to pay the interest on the debt. Perhaps Saylor has learnt since the dotcom bust, but I'm not certain that he will remain grounded during the heights of a bull market.