if you don't believe that bitcoin appreciates better than 98% of enterprises at this point you are simply not even doing the most basic research on it.

what bothers me is that the lenders are essentially printing money to do this, their risk is basically below zero, which is kinda cynical and exploitative.

who better to give your bitcoin to for your enterprise than someone who is engaging in fiat loan activity with their bitcoin hating banksters? lol, really.

sure, you are gonna gain in fiat terms as the lender but i doubt this is the right move for a founder who is probably going to sink because of taxes and inflation on their fiat assets.