Yeah, let's talk about this one here. So Michael Saylor's strategy steps up, Bitcoin's buys by using common shares.

There are a lot of people that are sitting around saying what is going to happen with these guys.

If all of a sudden you get that famous movie that we've all seen in the financial industry, margin call.

Is there such a thing that this guy's going to get a margin call? Because either this guy has the biggest brass in the world. He's the biggest gamble in the world. One of two stories are going to be told about him in the next five to ten years. He's either going to be one the top five, top ten richest people in the world, or he's a name you'll never hear about. It's kind of like if you've ever read the book, a virgin. I don't know what it was called with Branson. His mother said, losing my virginity. Losing my virginity. Talking about his virgin empire. His mother or his teacher said, either my son's going to be in prison or he's going to be a very famous man in the world. So Michael Saylor's kind of going for that. He bought more than $200 million of Bitcoin, turning to common stock to finance the bulk of its acquisition, despite

promises to lean on its perpetual preferred shares. The company formal loans on micro

strategy about 3,015 bitcoins between February 23rd and

March 1st, according to regulatory filing. Monday, roughly $230 million of the purchase was funded

through sales of Class A common stock. The remaining $7 million bought 3% of total came from

at the market sales of its stretch preferred shares rob if you can

pull up uh what prices are and by the previous week was um 40 million where's bitcoin right now

72 000 so can you go to uh six months six percent to go to six months six months

down 50 percent off the tie so what do do you think about what Michael is doing here?

Mark. I'd love to answer this. If we could, pull up strategy.com, pull up their website and just look at some of these stats right here. It's so new and groundbreaking. Most people don't understand Bitcoin. Of course, Jeff does. We've talked about it for hours and hours and hours. but because you don't understand Bitcoin, you can't really understand what strategy is doing.

So you're looking at it

through the wrong lens. And what do I mean by that? First of all, the whole world, the financial world,

is built off discounted future cash flows. So we buy stocks based off of a PE ratio. And we hope that in

the future, they're going to borrow money. And in the future, they're going to invest it into their data center.

And hopefully in the future, that'll make enough money where they can pay me back. Or I do it through a bond, and I'll loan them money and I hope they pay me back. So, you know, the MAG 7's trading at a 30, 40, 50 times PE ratio. Hopefully they have the cash flow. What strategy is doing is something completely different. You give them money and they buy the asset.

They're not hoping to have and they buy the asset.

They're not hoping to have cash flow in the future.

They have the assets.

So look at these charts right here.

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