Bitcoin’s drop threatens $MSTR’s collateral; dilution or total Bitcoin loss looms.

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Michael Saylor is freaking out right now because when Bitcoin drops, non-recourse lenders are entitled to the collateral (Bitcoin).

In this case, unless Saylor was able to massively dilute his shares to raise capital the lenders would simply take all of $MSTR's Bitcoin. https://t.co/d5Te7WktJZ pic.twitter.com/44WSSPgdSe

— Financelot (@FinanceLancelot) December 25, 2024

See also It's pretty wild to say, but Intel now has the single greatest bang for your buck GPU on the market. Sold out everywhere. A total triumph.

See also Minting $USDT to buy Bitcoin sounds like blatant manipulation. Where's the SEC when transparency is lacking? Markets deserve accountability.

Yeah he's lying.

Non-recourse debt always has provisions for a drop in the underlying collateral.

— Financelot (@FinanceLancelot) December 25, 2024