Mike on Nostr: I hear the $MSTR play described as taking advantage of an infinite money glitch. But ...

I hear the $MSTR play described as taking advantage of an infinite money glitch.

But isn't MicroStrategy doing the equivalent of remortgaging their house as the value goes up, in order to buy more houses?

Because that didn't go too well in 2008, when that was the fashion among property investors and banks.

Or should I say, it went extremely well, until it all went horribly wrong when Satoshi Nakamoto stepped in and offered a solution.

https://cointelegraph.com/news/microstrategy-raises-1-billion-bitcoin-purchase