Michael Saylor’s Bitcoin Strategy—’Infinite Money Glitch’ Or A Reflexive Leverage Bet?
Michael Saylor’s Strategy (NASDAQ:MSTR) has engineered a financial mechanism that transforms market enthusiasm for Bitcoin (CRYPTO: BTC) into a self-reinforcing growth engine, according to the company’s executive chairman.
What Happened: In a Financial Times interview on May 13, Saylor detailed the mechanics behind his Bitcoin-focused strategy, which he claims helped the firm outperform tech titans like NVIDIA and Meta en route to a $100 billion valuation.
Describing the system as a “quadratically reflexive, engineered instrument,” Saylor openly embraces his role as a financial architect, one who, according to crypto enthusiasts, has created something akin to an “infinite money glitch.”
How It Works: The strategy hinges on an arbitrage mechanism: when MicroStrategy’s stock trades at a premium to the value of its Bitcoin holdings, the company issues new shares to raise capital and …
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