Microstrategy’s team is so ‘elite’ they somehow skipped paying $4 billion in taxes.
So what does Michael Saylor do? Sells $4 billion in stock to plug the hole. Translation: they’re broke. Makes you wonder how he plans to cover bond payments when the next crypto winter hits — guess he’ll just dump more shares.
I get it, other investors get it — once Bitcoin tanks, MSTR will nosedive even harder.
Also fun fact: now they have to pay 15% every year on unrealized Bitcoin gains. Do the math — they’re on track to go bankrupt by the next halving.
And their actual business? Pulls in maybe 10% a year. Not exactly a fortress