Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by RhodoGSA on Monday February 08, 2021 @09:49AM
(#26065178)
Michael Saylor raised $900m in debt to buy bitcoin. It's like a free option call on bitcoin and is rather ingenious. If bitcoin spikes, you convert you debt into stock. If bitcoin falls, you still got your debt.
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