Rising Risk in MicroStrategy's Infinite Money Glitch

Borrow money through convertible debt. Buy Bitcoin (CRYPTO:BTC) to drive prices higher. Sell new stock to buy more Bitcoin. Wash, rinse, repeat. This has been MicroStrategy‘s (NASDAQ:MSTR) business strategy since 2020 when it decided to become a bitcoin treasury company. So far it’s been an infinite money glitch for the dwindling software and data analytics […]