84. MONEY | Who’s Next? Can MicroStrategy and Michael Saylor Get LIQUIDATED?
Alfalfa Podcast
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Bitcoin Convertible Debt - Can These Two Go Bad?
MicroStrategy has four debts outstanding, four different liabilities that they entered in an agreement to that totals two point three billion dollars total. The first two represent one point seven billion of that and are safe where it gets tricky as on the next two. But can you maybe describe why you feel it safe? Yeah. So here's the deal: Like any other bond, right, they're sort of priced proportionate to like the credit risk of the party. And the credit Risk of micro strategies is effectively like, like directly tied into the price of Bitcoin at this point.
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