How would Michael Saylor refinance Strategy’s $8.2B debt?
Michael Saylor has so much debt that a CNBC analyst couldn’t think of one bank that would roll Strategy‘s bonds if BTC crashed 90%.
Michael Saylor has so much debt that a CNBC analyst couldn’t think of one bank that would roll Strategy‘s bonds if BTC crashed 90%.
Strategy has been running X ads, trying to sell preferred shares of STRC. The campaign doesn’t seem to be doing much.
Strategy’s corporate debt recently hit a bearish milestone after MSTR dipped below the final, lowest convertibility price of $149.77.
In 2000, Strategy co-founder Michael Saylor lost $6B in one day. He lost even more yesterday, for shareholders of that same company.
Michael Saylor’s Strategy had a golden opportunity to profit $33B just four months ago. Instead, it’s lost billions.