Michael Saylor Says Strategy Inc. Shareholders Could ‘Suffer’ If Bitcoin Plunges 90% For Half A Decade, But Reveals A Winning Endgame
Strategy Inc. (NASDAQ:MSTR) executive chairman, Michael Saylor, says the company, formerly known as MicroStrategy, could survive a brutal crypto winter, but its shareholders wouldn’t be too happy about it.
What Happened: In a new Financial Times film and subsequent interviews, Saylor warned that if Bitcoin (CRYPTO: BTC) “fell 90 per cent and stayed there for four or five years, we would still be stable,” yet equity investors “would suffer because they’re levered.”
The alert comes as MicroStrategy — already the world’s largest corporate holder of the token at 568,840 BTC worth about $59 billion — keeps piling on debt and preferred-stock financings to buy more.
Saylor’s endgame is simple. “Whoever gets the most bitcoin wins. There is no other endgame,” he told Yahoo Finance in a separate sit-down. To keep buying, MicroStrategy sold $580 million of dividend-paying preferred …
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