Replying to Avatar TheGrinder

You can say what you want about Saylor but his playbook is brilliant. Buy Bitcoin, borrow money using your Bitcoin as collateral to buy more Bitcoin. Borrow more money using your Bitcoin as collateral to buy more Bitcoin. Rinse and repeat.

Raising another $500M to buy more sats
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Sacred Peak 1y ago

when/how does the borrowing get paid back?

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TheGrinder 1y ago

they're issuing "senior (debt) notes" to their backers. This round of notes is due in 2032

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Sacred Peak 1y ago

I see

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Laeserin 1y ago

It's madness, really. It's a trade that only makes sense if both sides agree that the debt notes will soon be worthless.

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TheGrinder 1y ago

I think it's genius if the debt notes are valued in USD. By 2032 MicroStrategy will settle those from their change addresses.

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Laeserin 1y ago

How is that a smart move for the debt buyer?

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Nicola, Mr. Dick Penis 1y ago

Is a not