Michael Saylor's $40bn Bitcoin Gamble: How He Turned a Software Firm into a Crypto Giant 🚀

Crypto evangelist Michael Saylor has transformed Strategy from a loss-making software company into the world's largest corporate holder of bitcoin. The FT unpacks what some investors have dubbed Saylor's 'infinite money glitch', and questions whether it can survive a crypto crash

#michaelsaylor #Strategy #Bitcoin #Crypto

00:00 - Introduction
02:24 - The FT stock-picking blunder
03:59 - The bitcoin proxy explained
06:23 - Trump-inspired bitcoin bull market
07:27 - Premium to net asset value explained
08:41 - Buying on the rip
10:45 - Accretion not dilution
12:34 - The infinite money glitch
14:55 - Reasons for and against bitcoin
17:53 - Tariff-inspired bitcoin dip
18:35 - FTX and the recovery
19:51 - Strategy's long-term debt and liquidity
20:55 - New products, new money
23:01 - The leap of faith
26:04 - The upshot

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