84. MONEY | Who’s Next? Can MicroStrategy and Michael Saylor Get LIQUIDATED?
Alfalfa Podcast
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How to Repay the Principal in 2025?
Michael Cow: I would suggest people look at Michael Cow is a whole thread on this. And he has put forth a case that basically says that the theory that they simply have to meet payments and everything is okay is actually not correct. Like who cares if the value of the bond goes down? All you care about is can I meet those interest payments? So as a billion dollar loan, they need to maintain at least 250 million dollars liquidity. But they're like so far, I mean, there are two billion right now. We're talking about 90% drawdown from here for that to be a factor.
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