84. MONEY | Who’s Next? Can MicroStrategy and Michael Saylor Get LIQUIDATED?
Alfalfa Podcast
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Is Bitcoin a Forcilla of the New Bitcoin He's Buying?
Finance 101 bondholders are first right. Yeah, they have higher RQ. But I also think that any of these debts can be secured by... Like, at the end of the day, in a liquidation, like these guys are all privy to the assets that this company holds entirely. Debt number three is 500 million due 2028. If they're not... You're talking about 1.15 billion, potentially in 2025. One point one five billion due 2025 cash. That would be hard to meet if Bitcoin is concerned with lower than we are now. And that would happen if he doesn't post sufficient collateral for that last loan.
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