Michael Saylor borrowed $2.2 Billion worth of inflated fiat currency at a blended interest rate of 1.66% to Buy Bitcoin. He is using VERY cheap debt to buy a highly appreciating asset.
How?!? 🤔
He did this by essentially taking out loans against his company, MicroStrategy.
In the last two years, Microstrategy has had an average monthly, net cash flow of $3,482,333.00. The cash flow is used to service its debt on its Bitcoin loans, buy more Bitcoin and other expenses.
So what are the monthly interest payments on Saylor's Bitcoin? He pays $2,966,666.00/month in interest on his Bitcoin loans.
Saylor bought the rest of his Bitcoin through a compilation of Microstrategy's cash flows, stock sales, and cash reserves.
Saylor now owns 152,333 Bitcoin, worth $4.6 Billions.
Saylor is about to buy another $750 million worth of Bitcoin. Even though his SEC filing doesn't explicitly say that the entirety of the $750 million will be used to buy #Bitcoin, But COME ON, you really think Saylor is going to buy something else with it?
Stay humble and stack sats!!
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