Yeah my bad, a bit of an autopilot brainfart. At best it was tangentially related to the Saylor strategy. I get the whole strategy is to acquire and hold BTC long term, I thought since we're posting about the strategy someone had an opinion on my question. 

The whole question of what happens to equity holders of the debt collateral doesn't really apply unless you're issuing stock of your own (which you're not). 

nkmg1c_ventures

I don't understand shit from what you said nor see any connection with the OP.

pillar

yoshi

bitcoin

Operation Saylor - Episode 30/120

How is the acquisition strategy by convertible debt different from all the seignorage tokens like OHM (Olympus) ? I mean if you consider the underlying stock of Microstrategy to the OHM token, and being a holder of the equity rather than someone investing in the bonds/notes? 

