Down 33% in Two Days

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Michael Saylor is heralded as some kind of super-genius by doing the following:

  1. Selling corporate bonds;
  2. Taking the cash and buying Bitcoin at the market price;
  3. Repeat;

Personally, I think it’s madness, and on occasion the market has a moment of lucidity.

BONUS FUN FACT: Microstrategy is the same price now as it was in January 2000, nearly a QUARTER FREAKIN’ CENTURY AGO.