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Saylor takes loans against Strategy’s software revenue, rather than just buying bitcoin with that revenue.
This is golden!
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It is if you don't mind leverage. Will only work on a fiat standard though, because on a bitcoin standard, 1sat=1sat.
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Correct. I would only do it if I could secure a low-interest business loan.
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The loan is only given because the business has sufficient revenue to pay it back.
The point is that the bitcoin purchased with the loan will be worth more than the amount that has to be repaid.
It’s the same reason Saylor takes loans against Strategy’s software revenue, rather than just buying bitcoin with that revenue.