Michael Saylor’s Bitcoin Shenanigans: Is He Playing with Fire? 🔥💰

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Hold onto your wallets, folks! Michael Saylor is back at it again, and this time he’s financing more Bitcoin purchases like a kid in a candy store with a credit card! 🎉 The company formerly known as MicroStrategy, now rebranded as Strategy (because why not?), has decided to issue a new perpetual preferred stock called STRF (or as I like to call it, “Strife”—because that’s what it sounds like!). They’re offering a whopping 10% annual dividend! 💸

Could Saylor Be The Next Bitcoin Bear Market Catalyst? 🐻

In a move that has experts scratching their heads and rolling their eyes, Strategy announced STRF on X, claiming it’s a “new perpetual preferred stock offering, available to institutional investors and select non-institutional investors.” Translation: “Hey, rich folks! Come throw your money at us!” 💰 They say the proceeds will go towards “general corporate purposes” and, of course, buying more Bitcoin—if the market feels like cooperating, that is.

Now, let’s talk about those dividends! STRF promises a 10% annual payout, with the first cash dividend scheduled for June 30, 2025. That’s right, folks! Mark your calendars! 📅 But wait! Observers are raising eyebrows, wondering how on earth they’ll pay out such a high dividend when their balance sheet is more Bitcoin-heavy than a hipster’s wallet at a cryptocurrency convention.

Enter WhalePanda (@WhalePanda), co-host of the Magical Crypto Friends YouTube channel, who’s not holding back. He’s saying, “I’ve said it before, and I’ll say it again: Saylor is going to bring the next Bitcoin bear market. This seems desperate! 10% on $500 million? That’s $50 million annually, and they don’t have that cash!” Ouch! That’s like trying to pay your rent with Monopoly money! 🏠💸

Then we have Simon Dixon, the ex-investment banker turned Bitcoin investor, who’s drawing comparisons to the infamous Long-Term Capital Management collapse. He’s like, “This is next-level risk, folks! If this ship sinks, the government might just have to nationalize it!” Talk about a sinking ship! 🚢💥

But not everyone is throwing in the towel just yet! Some industry bigwigs are saying Saylor’s got a solid track record and more skin in the game than a butcher at a barbecue. David Bailey, CEO of BTC Inc, is like, “If you don’t like the stock, don’t buy it! Simple as that!” Well, that’s one way to handle criticism! 😅

Bitcoin analyst Dylan LeClair is also waving his hands, saying the LTCM comparison is “literally nothing like LTCM.” I mean, who doesn’t love a good debate over dinner? 🍽️

Preston Pysh, co-founder of The Investor’s Podcast Network, is taking a more measured approach. He’s questioning why they didn’t just stick with the previous preferred issuance that had an 8% yield. He’s like, “This LTCM comparison is over the top laughable!” 😂

He even crunched some numbers, suggesting that even if Bitcoin were to tumble 70%, Strategy could still keep the lights on for over a decade! “That’s approximately 12 years worth of payment inventory on the balance sheet!” Wow, that’s some serious math! 📊

As of now, BTC is trading at $83,454. So, buckle up, folks! It’s going to be a bumpy ride! 🎢

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2025-03-19 23:13