Fun

Things are getting interesting with MSTR

lieutenantdan - 2024-12-24 21:51:09

They are trying to issue enough stock to buy all the bitcoin


Michael Saylor isn't going to stop.


He wants to issue enough stock to buy all the bitcoin with convertible debt.


If bitcoin drops the buyers get shares of stock.


It's genius.


There are some that don't like it though.



(Source: https://x.com/BitcoinNewsCom/status/1871630572617117896/photo/1)


They are wrong though.


He won't be able to buy too much as his buying will keep pushing it up and attract more and more people.


It's a crazy scheme that will probably work.