Super dry goods! This is definitely the most brilliant interpretation of the operating mechanism of Microstrategy (MSTR) in history! This is a 10 minute in-depth analysis by Mark Moss, strongly recommended to save it and read it slowly! If you still think that Michael Saylor is just a "crazy person who borrows money to speculate on currency", then you are missing out on the biggest wealth awareness gap of this era! The elites on Wall Street who use traditional price to earnings ratios (PE) to value micro strategies are simply wrong. This video directly exposes the underlying "infinite loop" logic of micro strategies. This is not stock trading at all, it is a 'legitimate money printing machine' that devours global liquidity! There are only three core cards: one ️⃣ Is there anyone outside the debt moat with an "immortal body" who indulges in debauchery every day? If the pancake drops below 30000 Sailors, it will explode? Purely a layman's concern! The video hit the nail on the head: His huge debt is not collateralized with any Bitcoin, and creditors have no right to demand early repayment. As long as Bitcoin is not completely zeroed out, it can be as stable as an old dog relying solely on the cash in its account, and it will never be forced to close its position! two ️⃣ The 'Fei Sheng Yang Mou' buying MSTR stocks with its left foot stepping on its right foot is not about the company's performance, but about its constantly expanding 'coin content per share'. As long as the market is willing to offer a premium of even 1.2 times the price to book ratio (PB), Seler dares to reverse the trend by issuing additional stocks and crazily sweep the market. As long as you buy at a premium, the value of shareholders will be infinitely increased! This is the unsolvable plan that is completely on the table. three ️⃣ "The ultimate blood sucking" to 350 trillion traditional money is the most disgusting Rocket! They unexpectedly launched a fixed income product (STRC) with an annualized growth rate of up to 11.5% and a firmly anchored net asset value. Seiler directly transformed into a "crypto bank", using extremely high and stable interest rates to crazily suck the global fixed income market of 350 trillion yuan (especially those baby boomer old money who cannot afford stock market crashes) into the pool of big cakes! He takes the high volatility of the pancake to earn excessive profits, pays fixed interest to the old money, and puts the remaining huge price difference into his own pocket! When traditional finance was still mocking cryptocurrencies for having no fundamentals, micro strategies had already jumped out of the three realms and turned into a deep and bottomless "liquidity black hole".