{"type":"rich","version":"1.0","title":"utxo the webmaster 🧑‍💻 wrote","author_name":"utxo the webmaster 🧑‍💻 (npub1ut…r50e8)","author_url":"https://yabu.me/npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8","provider_name":"njump","provider_url":"https://yabu.me","html":"MSTR did not find a glitch, they are just taking on risk, which works as long as there isn't a massive crash \n\nBitcoin does have a way of flushing out massive amounts of leverage. Not saying it will happen, but it CAN happen\n\nTo summarize:\n - convertible notes: give option to debt holders to convert into shares, diluting current share holders. But if it doesn't pump, can only pay back by selling BTC.\n\n - straight debt: mstr doesn't have enough income to pay back all debt holders, so they can become a forced seller of coins or shares (dilution) during a dump of BTC or mstr stonk\n\n - their force sells can dump the price further creating a death loop of even more selling \n\nYes it looks genius after a huge pump but it could potentially be lights out if we crash 70%\n\nBut we probably won't "}