The music stops when fiat dies. There are 3 phases.

Phase one: acquire as much bitcoin as possible while it’s available for sale in large quantities.

Phase two: continue to borrow money (speculative attack) to buy back the stock further increasing bitcoin per share.

Phase three: post hyperbitcoinization. Become Berkshire Hathaway type conglomerate, buying real productive businesses that are able to produce an sats/flow (aka are profitable in Bitcoin) and continue to increase Bitcoin per share that way. 

Forever Laura! 

 how much do you think the ATM will be upsized over the course of the next year? He's going to blow through that $21B pretty quickly right? And I would think to keep momentum he will have to continue selling shares ATM for more liquidity to buy btc. 

 Hard to imagine, but I think he’s just going to go harder and harder. The 210/210 may be next…. 

 interesting I agree, but does feel like ponzinomics to me. It seems we are at the point where it's either hyperbitcoinization imminently or some sort of insane MSTR-liquidation to end this bull market in a hurry. 

 Fiat is the Ponzi! MSTR is just going to make this obvious to the rest of the world! Can’t you just imagine the bewilderment of the masses as the largest company on earth literally just buys Bitcoin. A glorious day, can’t wait. 

 haha that would be wild, but it does feel like a game i've seen before because the leverage cuts both ways. I own mstr but will be looking to roll profits into spot BTC. Appreciate your takes and deep dive though 

 My plan as well, however I don’t intend to do that until they’re a multi trillion dollar company 😉