Saylor's secret strategy 💰 How does Michael Saylor keep doing it? Time and time again, the most famous Bitcoin hodler in the world has continued to purchase more, regardless of the price, and at times, he's even borrowed more money to do it.
Microstrategy, a company founded by Saylor, has just completed another round of debt funding through convertible notes totaling $800M, which were used to purchase an additional 12,000 BTC for the firm's treasury.
However, the secret sauce lies in how the debt was structured, as well as Microstrategy's own stock price.
As broken down by crypto influencer '0xjaypeg', the convertible notes offering allows Microstrategy to receive $800M in liquidity today in exchange for just a 0.625% interest rate per annum. Besides that, the debt cannot be recalled or liquidated until after 2030, when it can be redeemed for cash or converted into Microstrategy stock. Additionally, as BTC continues to perform, the price of Microstrategy shares tends to follow suit, allowing Saylor to continue leveraging his firm's value to structure further rounds of debt financing for acquiring Bitcoin. Since their recent purchase at an average price of $68,477, the price of Bitcoin has risen past the $70K mark and is currently trading around the $72K range.
Editor's Take:
It seems that the man just can't stop buying, but just how far will he go? By taking on leverage, the debt needs to be repaid after a time. Hence, there is a real possibility that he will eventually need to sell some of his holdings in the absence of liquidity. While it's still a fairly long road ahead for such a situation to arise, we shudder to think of how the market might react. | 
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