MicroStrategy Borrows Against Holdings to Buy More Bitcoin

finance.yahoo.com

1 pointfunstuff0072 comments

> The company started buying Bitcoin for its balance sheet in August 2020, with Saylor citing the Federal Reserve’s relaxing of its inflation policy for helping to convince him to get out of cash.

The above is entirely reasonable, albeit a bit unorthodox. But what he's doing now is...

This strategy is similar to margin borrowing. He thinks bitcoin is on its way up so he is leveraging his position. I saw one of his videos on youtube and he expects the uptrend to continue for a while.

Other's talk about bitcoin going up but he's one of the few who has put money on his prediction.

Reply on news.ycombinator.com