He’s using fiat leverage and stock dilution to buy more bitcoin exposure. So when you buy his stock, you’re getting more volatility than the underlying product (bitcoin) - which some portfolios will want …

He’s going to the banks / funds / and pitching this right now. He is looking for more investors into MSTR. He can’t pitch nice to them in person and then backstab them publicly when they’re not around. To him, yield has to be legitimate because that’s what he is pitching.

He’s looking out for his shareholders, which is his fiduciary duty as a board member of a publicly traded company.

Also, he has an information arbitrage right now…next cycle, there might be 10 MSTRs and then this strategy’s alpha is marginalized. nostr:note1akz6pwucdvw5tzm2f3rlgfywq60uy3rqy99x257zdlak7qm74tzsy0npjx