Michael Saylor says, "It’s not debt, it’s convertible debt. #Bitcoin could go from $100K to $1K, the debt is not going to get called, there is no recourse.”

This doesn’t sound good at all. Sounds like a complete ponzi scheme

McCullough: It's Preposterous To Sell Bitcoin ($BTC) Because Of Tariffs

So he’s basically saying he can dilute the shareholders as much as he needs to

Admitting it is a scam.

He owns the bitcoin at no cost, and stock buyers hold all the risk and no up side other than more risk

Get prepared for a penny.

If BTC drops precipitously when MSTR needs to refinance its debt maturities, capital markets WILL be shut down for MSTR. Just like what happened to the banks leading up to the financial crisis. How does mstr repay its debt in that scenario if investors don’t convert?

In otherwords, share printer go brrrr. 🖨

@coinspeak_io Ponzi boy here to tell us it’s okay lol

He's not a Bitcoin maxi, He's a fiat maxi..

Leverage isn’t the risk—miscalculating the game is. Saylor isn’t betting on Bitcoin’s price. He’s betting on time.