Michael Saylor’s new calculator predicts no bitcoin crashes, ever | Protos
Amid concerns about stock dilution and convertible debt at MicroStrategy (also known as “Strategy”), founder Michael Saylor has invented a new tool to distract financial analysts. On Monday, he unveiled his latest invention, the BTC Credit Model of MicroStrategy’s debt. The magical calculator forecasts years of sunny days for MSTR shareholders. Because most investors value MicroStrategy on its bitcoin (BTC) and ability to access ongoing financial leverage, Saylor is particularly concerned with maintaining the creditworthiness of his company. Unlike most companies, MicroStrategy is simply a leveraged acquirer of BTC and doesn’t make sense based on a net present valuation of its future cash flows. To that end, Saylor has launched a deceptively simple calculator on the Strategy.com corporate website. Saylor’s new tool Features three adjustable assumptions: the starting price of BTC, ongoing volatility, and long-term price performance . Below thes...