MicroStrategy’s Debt-Fueled Bitcoin Buys: Smart Treasury Move or Dangerous Precedent?
Quick Breakdown: MicroStrategy turned corporate debt into a weapon, raising billions at near-zero rates to buy Bitcoin. Convertible debt gave investors upside in equity while sparing MicroStrategy heavy cash repayments. Market critics liken the strategy to a financial “Ponzi loop,” dependent on Microstrategy Bitcoins rise. Beyond MicroStrategy, the playbook sparks ...