MSTR's Michael Saylor is a FOOL. As a publically traded company he is a fiduciary and has a mandate to act responsible. Borrowing $2.5 billion dollars the company bondholders and shareholders are on the hook for to speculate on shitcoin will be the downfall of MSTR. I suspect there is (or SHOULD BE) an ongoing SEC investigation which could potentially bring indictments and a receivership of MSTR being setup to liquidate what's left of the companies assets and make the shareholders as whole as possible. Buying Bitcoin is no different that if Michael Saylor borrowed this money to buy lottery tickets, baseball cards, a 300 foot yacht. It's unlawful and not part of the overall business. MSTR will be under water soon as bitcoin continues breaking down because it is GARBAGE and has ZERO intrinsic value whatsoever like the other 18,000+ alt shitcoins. Attorneys, litigation, lawsuits, class actions will cause MSTR to be INSOLVENT.
Trade active
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Bought April 1st $435 puts while stock is at $446. Will add on targeted increases.
Trade closed manually
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My bad for not posting an update, sold my puts when MSTR fell under $390