Debunking the MSTR Myths: Leverage, Liquidation & Ponzi Claims
In this short episode of One Chair, we cut through the noise surrounding Strategy’s Bitcoin treasury playbook.
You’ve probably heard the usual criticisms:
00:45 Myth 1: Strategy is overleveraged
01:24 Myth 2: Strategy will get margin called or liquidated
02:39 Myth 3: Strategy is a Ponzi
04:18 Myth 4: Bitcoin has no yield
05:38 Summary
We break down each myth with facts and figures:
✅ Debt-to-asset ratio is only ~7–11%, far from “overleveraged”
✅ No risk of margin calls since the debt is uncollateralized
✅ Preferred dividends are backed by $73B in Bitcoin reserves
✅ Bitcoin’s long-term growth…
The skinny
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