It's really speechless seeing so many people seriously analyzing how MicroStrategy might blow up. But almost all of them are just making purely logical arguments about a death spiral, with hardly anyone providing data to actually calculate it.

AI is already very powerful, so go ask your Agent: what is MicroStrategy's leverage ratio?
1x leverage means no borrowing, 1.15x leverage means borrowing an additional 15 dollars for every 100 in principal.
You guys usually open positions with 20x or 50x leverage, and your contract funding rates might not even be lower than MicroStrategy's dividend yield, so why worry about a 1.15x leveraged institution going bust? 😆