@decent-artlu
why not?
they don't have current cash coverage for dividends
they used to, but convinced themselves to spend that cash to buy back bonds
so now, an instrument which I once called "safer than long-dated Treasuries" became *at a whim* a naked directional bet on bitcoin price
Saylor is busy rewriting the narrative, inventing new measures for shareholders to look at. Like a bad magician's misdirection
His history shows he is a riverboat gambler. Wild that Strategy put itself in this precarius position