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51 sats \ 3 replies \ @Satosora 11 Oct \ parent \ on: MicroStrategy's $3.9B Bitcoin Play: Use Saylor’s Infinite Money Glitch! econ
It looks good now because it hasnt come back to haunt him. Do you remember what happened when bitcoin went down and the microstrategy board were antsy?
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60 sats \ 2 replies \ @Undisciplined OP 11 Oct
He has the cash flow to handle his debt servicing, so this isn't as wild of a strategy as it might seem.
I'm sure the board were just a bunch of people who don't understand bitcoin (like pretty much everyone in the general public).
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59 sats \ 1 reply \ @Satosora 11 Oct
I believe he had to split the company. Company A is the computer side while company b is the bitcoin side. I could be wrong though.
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20 sats \ 0 replies \ @Undisciplined OP 11 Oct
I don't know much about MSTR, really. That wasn't mentioned in the video and it would seem to contradict the idea that the revenues from the software business can be used to service the debt obligations.
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