MicroStrategy Inc. is borrowing $400 million to buy more Bitcoin while also writing down the value of its existing holdings. It’s the first-ever junk bond sale used for financing purchases of the volatile cryptocurrency.
For those who don't know Micro Strategy, it is Michael Saylor's flagship . Saylor is one of the two biggest proponent of BTC . Micro Strategy makes US$400m in revenues and is betting the same amount on BTC.
There are heroes who get on to the Hall of Fame for their conviction and foresight (when looking in hindsight) OR for their foolishness and recklessness.
Must we be ALL or NOTHING? Brilliant success predicated on high conviction OR Abject Failure based on delusion.
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