If you don't understand, don't speak nonsense. Convertible bonds bought with cryptocurrency do not give creditors much power; they simply have two choices upon maturity: either demand repayment or request a bond-to-stock conversion. When the cryptocurrency price is high, most choose to convert to stock. After conversion, they become shareholders, and the debt is gone. When the cryptocurrency price is low, demanding repayment is more advantageous. This may create pressure, but the death spiral is far away. Other large funds may take action to pick up chips at that time, but not in the secondary market; rather, in the stock market, demanding debt takeover and other methods. For a detailed analysis, I have written tens of thousands of words on the subject.

$BTC

A post by 'Eagle' says, has BTC entered a death spiral?

I just finished watching the microstrategy earnings call this morning. If they really sell coins to pay off debt, that would be alright.

If Bitcoin drops again, selling coins at 40k, 30k, or 20k won't fetch a good price. At that time, to sell for a penny, you'd have to sell three coins; that would be the real death spiral.

This morning, Saylor reiterated to shareholders that after selling coins, he has already seen several project owners starting to sell their tokens.

Does this mean that Microstrategy, the biggest buyer this round, is also going to start unloading?

In this case, won't it have to drop again? 😨😨😨

Are there any Air Force warriors? You can share the current situation of your positions in the comments.

Is this rebound really a rebound?
{future}(BTCUSDT)