Saylor esta operação cada vez mais parece uma pirâmide de Ponzi, os juros preferenciais vão acabar por explodir, em 4 meses veremos a verdade.

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