Why would they get rekt if they are following the Saylor playbook and not taking on secured debt or leveraging over 30%? They are doing what rational people would do if they had the ability to raise capital like corporations can.

Replies (2)

Only a small number to the new bitcoin treasury company "managers" actually understand bitcoin and dollar-based financial plumbing like Saylor does. And many are literally managing billions of dollars and tens of thousands of bitcoin. It's like giving a confident five-year old the keys to brand new Ferrari and expecting a good result. The wheat will get separated from the chaff once the good times have ended.