Not gonna lie, I think Michael Saylor is running a ponzy scheme.

He buys Bitcoin, offers shares of it, and uses the money from the shares to buy more Bitcoin.

Basically, he’s buying Bitcoin and borrowing money using the bought Bitcoin as collateral to buy more Bitcoin.

So if Bitcoin was to have a catastrophic collapse, his entire shtick would go to zero 😬

If Bitcoin continues to go up, then he’s fine.

This is a lot like the architecture of Terra Luna.

Remember how Terra worked?

Very similar programming.