Was Michael Saylor the signal for the top again? It’s a long way down.

Sharing is Caring!

Look at that, he finally got back to where he was with felony book keeping back in 2000. Only took him 24 years for his next cook-the-book scam and it wasn’t even his idea.

See also  Missouri proposes a $1,000 bounty for reporting illegal immigrants in the state.

MSTR owns 40B in buttcoin (that they can never sell)

Less 10B in convertible notes due before 2030…

Equals 30B equity in bitcoins

See also  Financial media exposes Michael Saylor's $MSTR stock promotion as a Bitcoin cult scheme. Steve Weiss calls Bitcoin an investment driven purely by momentum, with no intrinsic value.

Buuuuuut their market cap is 90B, so investors are paying triple the spot price for bitcoins.

h/t cannythecat