Saylor, cuanto más lo veo, más parece una espiral Ponzi, los intereses de las acciones preferentes terminarán explotando, en 4 meses se verá la verdad.

Arca Chief Investment Officer Jeff Dorman pointed out that the MSTR situation has gotten out of control, speculating that Michael Saylor issued billions of dollars in preferred shares in hopes that BTC would surge, then paying dividends by selling BTC. After BTC fell, the market worried that the approximately $1.5 billion in preferred shares corresponded to $150 million in annual dividends. To ease short-term default risks, MSTR raised $200 million through stock financing, but then used cash to buy back bonds due in 2029 instead of paying dividends, exposing cash flow issues. In the next four months, one party may face significant losses.