Iβve been saying this time would come for YEARS!
When people were buying new houses and boats with PPP money and openly bragging about it there is obviously a problemβ¦.
Will it work? Thatβs for the market to decide but seeing BitMine raise hundreds of millions while $9 billion underwater makes the idea of MSTR finding cash (or using creative capital structures) to buy back its own shares far less insane than it might sound in isolation.
The market has already rewarded this playbook repeatedly.
Add in TradFi companies in the AI tech field that have started copying Saylorβs preferred-stock dividend strategy β most notably Alphabet (Google), which just announced an $80β$84.75 billion equity raise that includes $15 billion in mandatory convertible preferred stock (paying a fixed dividend before converting into common shares) explicitly to fund its massive AI infrastructure buildout β and the approach looks even more validated.
Itβs no longer a fringe Bitcoin bet; itβs becoming the corporate finance template for leveraged exposure and flexible funding.
In a few months profits will temporarily flow out of TradFi (cool off phase after IPOs).
People will want to know where to put their money because everything already went up so much.
And there Bitcoin will be, ready to begin the next four year cycle.