2026-01-16 08:40:16

MicroStrategy's business model is indeed ruthless. Simply put, it's a printing press—no wonder last year many DAT companies were copying it.

Saylor recently revealed key details on CNBC: last week, they sold $1.5 billion worth of stock, with only $500 million worth of Bitcoin used as collateral, then turned around and invested the entire $1.5 billion into Bitcoin. The net effect is arbitraging out $1 billion worth of "free" Bitcoin.

The underlying principle isn't actually complicated—it's about capturing the premium that the market gives to the company's stock. Investors are willing to pay a premium for the company's stock, and MicroStrategy uses this spread to buy more Bitcoin, creating a positive feedback loop. As Bitcoin rises, the stock rises; as the stock rises, the company's financing capacity increases. This logic is interconnected.

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not_your_keys

· 9h ago

Damn, this strategy is too brilliant. Relying on stock premiums to print Bitcoin is a perfect arbitrage. 1 billion dollars free, I wish I could learn this trick too. Saylor really has it figured out; he doesn't miss any opportunity the market gives. Once this cycle starts, it can't stop. As long as BTC doesn't fall, it's a perpetual motion machine. No wonder everyone is copying; this is basically a cheat code. Bitcoin rises - stocks rise - increased financing capacity - further adding to positions, it's a complete positive spiral. I just want to know when this strategy will blow up.

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ClassicDumpster

· 9h ago

This trick is really clever, it's just outright exploiting premium dividends. Saylor is the type who has mastered capital operations, getting a free ride of 1 billion USD feels incredible. The problem is, can this always be played like this? It feels like it's only a matter of time before it catches up. Most of the DAT companies jumping on the bandwagon have probably only learned the basics. Once this feedback loop is broken, it will be awkward.

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APY追逐者

· 9h ago

Wow, this move really shows the scythe turning—free riding on $1 billion worth of Bitcoin? Profiting from the price difference, anyone would have to learn this.

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SchrodingerGas

· 10h ago

This is a classic market efficiency paradox... The stock premium essentially means investors are paying for Saylor's belief in Bitcoin. Looking at it from another angle, isn't this a clever game of equilibrium? Wait, $1.5 billion worth of stocks backed by only $500 million in Bitcoin? That leverage ratio... If Bitcoin drops 20%, it could trigger a liquidation. Is Saylor betting on his own conviction or on the market never turning back? Honestly, the seemingly "money printing" logic ultimately resembles a Ponzi scheme. As long as new funds keep entering, the cycle can be maintained. Once the growth slows down... what do you think?

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BearMarketSurvivor

· 10h ago

Alright, this move is indeed brilliant, just a naked leverage game. Wait, is this reliable? What if Bitcoin drops? Saylor is really good at playing this game. To put it simply, it's still about eating the premium benefits. Luckily, investors are on board with this. This model is easy to copy, but the risks come along with it. Don't play with fire. Printing money is satisfying, but eventually, debts must be repaid. I like this move, but it really takes guts. Yeah, it's just a gambler's logic—only upward movement is perfect. A billion dollars wasted, just thinking about it is absurd. Now I understand, no wonder everyone is learning micro-strategies. Who wouldn't want to exploit like this?

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CoffeeOnChain

· 10h ago

This mode is indeed perfect—using stock premiums as an ATM Arbitraging 1 billion free Bitcoins? Sounds like playing with fire. What if Bitcoin drops? Saylor really knows how to play, dominating the capital market This is the legendary "using others' money to make your own dreams" strategy A perfect positive feedback loop—unless BTC crashes, it's a printing machine. But what if... No wonder so many companies want to learn; it's practically a textbook for legal arbitrage Using 500 million to guarantee 1.5 billion, then going all-in on Bitcoin? Truly bold If this logic can keep running, MicroStrategy could really become a perpetual motion machine Eating up stock premiums and then gambling big—definitely more aggressive than traditional business models Saylor is truly a major player on the chain, much more skilled than us retail investors

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