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The great MSTR Ponzi scheme debate

Tensions are escalating in a spirited debate between MicroStrategy (MSTR) investors and skeptics about whether the stock is a Ponzi scheme.

MSTR underperforms, decouples from BTC to the downside

MicroStrategy investors have started to notice that their leveraged treasury stock is starting to underperform BTC.

Bitcoin (BTC) treasury companies today share certain similarities with mania of US investment trusts from the Roaring ‘20s.

Saylor says he’s “building out the yield curve for BTC credit” and has published the first curvature of BTC credit for the world to see.

Purchase announcements by BTC treasury companies led by Donald Trump, Michael Saylor, and others exceed $3B today.