Saylor continued to suggest that people who want 0.5X the upside of bitcoin, but NONE of the downside, they can buy MSTR convertible bonds.


However, if bitcoin goes to ZERo due to a black swan and he cannot repay his debt and his reserves evaporate overnight….How could he repay the bond? 

 If it goes to zero you're probably bust but it can go down by a lot and they'll still be able to pay, at the expense of shareholders.