<oembed><type>rich</type><version>1.0</version><title>utxo the webmaster 🧑‍💻 wrote</title><author_name>utxo the webmaster 🧑‍💻 (npub1ut…r50e8)</author_name><author_url>https://yabu.me/npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>MSTR did not find a glitch, they are just taking on risk, which works as long as there isn&#39;t a massive crash &#xA;&#xA;Bitcoin does have a way of flushing out massive amounts of leverage. Not saying it will happen, but it CAN happen&#xA;&#xA;To summarize:&#xA; - convertible notes: give option to debt holders to convert into shares, diluting current share holders. But if it doesn&#39;t pump, can only pay back by selling BTC.&#xA;&#xA; - straight debt: mstr doesn&#39;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&#xA;&#xA; - their force sells can dump the price further creating a death loop of even more selling &#xA;&#xA;Yes it looks genius after a huge pump but it could potentially be lights out if we crash 70%&#xA;&#xA;But we probably won&#39;t </html></oembed>