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84. MONEY | Who’s Next? Can MicroStrategy and Michael Saylor Get LIQUIDATED?

Alfalfa Podcast

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Is This a Free Call Option on Bitcoin?

It's attractive for a CEO because you don't feel like you're like selling equity. But it can very quickly turn into not a free lunch, right? The bond trades at a price that is sort of like a function of like the the credit risk and the interest rate. This was very popular in Tesla Tesla raised money this similar way as well. So I actually think it's like a it's a fair trade on both sides, but like I would never take it myself.

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