MicroStrategy's collapse countdown, BTC suddenly drops to 48,000 ⌝

To start with the conclusion: Seller's high-leverage preferred stock STRC, has fallen to a face value of 91.79
He is already in a financial crisis, with current cash only enough to support 7 months, but on June 30th, he will pay interest of 230 million USD
If he doesn't dump coins and sell off more, this company's debt will be liquidated by September 30th, leading to a severe run (or even bankruptcy)!
Cutting losses at low levels and dumping coins is his only way to survive
--
STRC plummeted to 91.79 ➔ Without returning to a face value of 100, he can't buy coins ➜
Forcibly raising interest to 13% ➜ creates even greater debt repayment pressure ➜
Common shareholders refuse to be the scapegoats anymore ➜ Both sides are unhappy, valuation collapses across the board
--
Many brothers don't know, besides STRC, MicroStrategy also crazily issued three other preferred stocks, STRK\STRD\STRF, which pay quarterly interest
Saylor's move is "sucking the blood of common shareholders to keep preferred stocks alive," especially since common shares can no longer raise money
By June 30th, plus the monthly interest-paying STRC, he needs to shell out 230 million USD
So he previously hinted at selling coins, then tested by selling 32 coins
Soon, we will see him really "dump heavily"
Raising interest is death, selling coins can survive
This is his only way out
--
✅ Many people regard Saylor as the second god after Satoshi Nakamoto, believing he has supported cryptocurrency
But it's really naive, your so-called Bitcoin faith
Is just a tool for businessmen to make money
That's all