Michael Saylor's play with MSTR convertible bonds is one of the most degenerate plays in corporate/private finance I have ever seen or studied.

It's pure gambling... With shareholders' (other people's) money.

There is a lot of risks with massive cascade events to follow, if things don't go as he expected. Chances are that things won't go as expected.

Not only affecting the MSTR stock but also BTC, considering how much the company already holds of Bitcoin's supply. This is not healthy (even if I'm wrong).

MicroStrategy now has all the characteristics of being a significant financial bubble that is likely to burst soon and pull different markets with it once the music stops playing.

In finance history, the music eventually stops playing.

Be safe out there.