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Michael Saylor Plots $84B Bitcoin Shopping Spree—Wall Street Groans
Michael Saylor Plots $84B Bitcoin Shopping Spree—Wall Street Groans
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MicroStrategy’s CEO doubles down on his ’orange pill’ obsession—this time with a price tag that’d make even BlackRock blush. Here’s how the corporate bitcoin whale plans to drain liquidity pools while traditional finance watches from the sidelines.
The playbook? Leverage every loophole in the SEC’s rulebook, issue enough convertible bonds to make a Goldman Sachs trader dizzy, and—of course—convince shareholders that hodling is a viable corporate strategy. Because nothing says ’responsible stewardship’ like betting the treasury on volatile crypto.
Meanwhile, JPMorgan analysts quietly update their ’When Moon?’ PowerPoint decks for the next earnings call.
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