MSTR leverage ratio (excl. converts in the money) is now ~10%. This is very low vs. target benchmark range of 20-30% stated by Saylor. In the next month or so I think we’re going to see a lot of BTC purchased via debt - if not I’m guessing the giant debt markets have run out appetite, which would be a concern.

Reply to this note

Please Login to reply.

Discussion

No replies yet.