$MSTR

i'm not in Saylor's inner circle, but this $MSTR story has gotten so out of hand, my only guess is this: - MSTR could have sat and done nothing before they started pumping out $billons of prefs... it would have made MSTR boring (little buys, no sells), but it would have been stable https://t.co/ZMzXepzRME - But the push into these prefs was based on him clearly thinking $BTC was about to moon — not sure what he saw to think that (4 year cycle, flows, ???) but that's the only reason to take that sort of miscalculated risk to screw up his balance sheet so badly -- he must have thought BTC was about to fly and he could easily pay the pref dividends with future BTC sales. - Then BTC started falling, and the market got spooked because the $15 bn in prefs have a $1.5 bn/year annual dividend,