The way MicroStrategy buys Bitcoin really confuses me. Heavily investing at the peak of the bull market and starting to sell at the low point of the bear market—buying at the peak in 2021 and starting to sell when the market was down at the end of 2022—it looks like he was short on cash. Although he bought back after selling, the boss is a 'true believer' in Bitcoin, but he completely ignores the cycles and doesn’t leave himself any cash flow; this is not investing, this is gambling.