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

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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.

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

Less 10B in convertible notes due before 2030…

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Equals 30B equity in bitcoins

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

h/t cannythecat


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