@saylor@MotivateMoreTDY@ladoger Bitcoin doesn’t need to be sold.
But it does need to become economically active.
You led the way once.
You can do it again.
Respectfully,
A supporter who’s watching the scoreboard.
@saylor@MotivateMoreTDY@ladoger People believe in you.
But belief alone doesn’t cover $300M/year.
Give the market a roadmap — not just for BTC acquisition, but for BTC monetization.
Let the next phase be as bold as the first.
@saylor@MotivateMoreTDY@ladoger Your strength has always been vision and narrative.
This one needs attention — fast.
If the goal is to permanently hold BTC while paying yield, then the model must evolve.
Because this current loop can’t scale forever.
@saylor@MotivateMoreTDY@ladoger Critics are already calling it a Ponzi.
We know it’s not.
But if the only way to pay dividends is issuing new debt, then eventually…
The structure does start to resemble one.
Even if the intentions are pure.
@saylor@MotivateMoreTDY@ladoger Let’s be honest:
MSTR’s software business doesn’t generate that kind of cash.
And you’ve made it clear: you’re not selling Bitcoin.
So when new preferreds are issued to fund previous ones… people notice.
@saylor@MotivateMoreTDY@ladoger MicroStrategy now owes over $300M/year in preferred dividends.
Not cumulative, not perpetual — but expected.
And the deeper the yield, the louder the question:
Where’s the money coming from?
@saylor@MotivateMoreTDY@ladoger You were early.
You were right.
You front-ran the entire world on corporate BTC adoption.
But the capital markets are starting to murmur… and the bears are sharpening their pitchforks.
This isn’t about Bitcoin. It’s about cash flow.