Michael Saylor Buys Bitcoin Without Personal Funds

[Suba]

Michael Saylor and his company, Strategy, are known as crypto whales, consistently buying and selling Bitcoin in massive amounts. However, Saylor's story is fascinating, as he actually bought Bitcoin without using his own or company's funds. So, Saylor simply leveraged his intelligence, passion, strong will, and recklessness, or speculation.

So, How Does It Work?
Michael Saylor, through his company, Strategy, issues zero-coupon convertible notes, meaning Strategy only pays principal and interest at maturity. This type of bond can also be exchanged for shares. Furthermore, Strategy often issues preferred stock. This allows Strategy to secure substantial funding for its Bitcoin purchases.

Strategy maintains investor confidence by creating a Bitcoin per share metric and also providing Bitcoin Yield, which measures the growth rate of Bitcoin per share.

From my research on Google, Strategy currently owns over 638,470 BTC with an average purchase price of $74,000, and the current Bitcoin price is $112,000.

 

[gwolf666]

Michael Saylor is an interesting example of how financial speculation and leverage can be used to make large market moves. Through his company, Strategy, he issues zero-coupon convertible bonds and preferred stock, allowing him to acquire large amounts of Bitcoin without using his own or company funds. What's impressive is how he manages to maintain investor confidence by creating clear metrics like "Bitcoin per share" and "Bitcoin return." With over 638,000 BTC in his possession, it's clear that his strategy has allowed him to capitalize on the rising price of Bitcoin, which is currently around $112,000.