It’s a convertible note so instead of just getting money back, investors can choose to turn the loan into company shares. That’s why it’s a win win in Strategy eyes it knows what Bitcoin is going to do.

Exactly I think they see this as derisking into another asset from insert whatever brokerage account they use. You are unable to do that if you invest directly into Bitcoin. Main reason why I am not for viewing Bitcoin as an investment anymore those days are gone post Bitcoin ETF. 1sat=1sat, I am not saying to spend all of your Bitcoin but I am saying to disregard everything but Bitcoin atp, it’s all a wash.