Isn’t it very simple, Mr. Saylor is naked short MSTR and long bitcoin. He is selling MSTR stocks to buy bitcoin with no intention of ever buying back his stock by selling bitcoin. 

 “The inner ring” by c s Lewis is a must read 

 Dear Alden, 

I am a great fan of yours and have watched a lot of your podcasts and educational content. I think there is a bigger problem  that bitcoin’s block chain will solve than its inherent tokens being a money with better spacial and temporal properties.

Humanity still have to depend on a central authority with monopoly on violence to exercise its private property rights. With the advent of immutable time stamping on deeds and similar ownership documents using todays version of available technology called NFT’s or ordinal’s on the bitcoin blockchain, humanity will be able to circumvent the need for  that centralized authority in the future.

Once immutability of the bitcoin network is well ingrained in the society, hierarchy of ownership to the present,  of any property inscribed on the bitcoins blockchain will only be just a click away, and all monopolies of violence can be once and for all eliminated for the good.  Hope we all will live to see that day. 

 Wow, don’t show this to Krugman 

 Really scary