⚠️🚨 Mornin’! It’s that time again!
Saylor dilutes $MSTR shareholders another $181M to buy Bitcoin at a horrific $65.4K (>$4K+ above weeks bottom) after randomly selling 32 of them + partially replenish the USD reserves which he insanely drained to pay off 0% debt 3 yrs early
I think the main issue is this whole discussion is that people Saylor is gonna get liquidated or margin called but there are arguments on whether or not that is possible.
MSTR holds the BTC as a spot holding I believe, so he can't get "liquidated".
But I believe there is a way a loan can get margin called if the asset that is collateralizing it fluctuates too much. I do not understand enough of his system to know if such a margin call is possible.