Let me explain:
Strategy now has $2.25 billion in cash.
That covers almost 3 years of dividends from the preferred bonds.
Zero need to sell $MSTR.
Zero need to sell $BTC.
Why does this matter?
Predictability.
Any investor can open Strategy's dashboard and see exactly how many months of payments are covered.
This changes everything.
Less perceived risk = more institutional funds can buy the preferred bonds.
More demand for the preferred bonds = greater chance of a rating upgrade.
Higher rating = greater chance of entering the S&P 500.
And entry into the S&P 500 = trillions in passive ETFs obligated to buy MSTR.
It's a self-reinforcing cycle:
More USD → more hedging → less risk → higher rating → S&P 500 → more capital → more BTC
Saylor isn't just buying Bitcoin and dollars.
He's paving the way for entry into the world's most important index.
Explosive.
Yup this is all about S&P entry and improving the bond rating. If they ever get AAA status watch out!
@remindme in 1 year