Is Strategy a Bitcoin Ponzi Scheme?

Strategy is now paying out roughly $730 million a year just on stretch or STRC preferred dividends. And that represents only a single layer of obligation sitting on top of a Bitcoin treasury worth approximately 58.5% billion and billions more in additional preferred stock commitments. Over 8 billion in convertible depth and a software business that by management's own financial disclosures cannot cover the bills.And it all starts to give off a house of cards sort of vibe. The entire machine functions as lon ...