Saylor's Desperate Move Just Exposed MSTR’s House of Cards

Michael Saylor has made a move that looks less like bold strategy and more like a company running out of road — and the cracks in MicroStrategy's foundation are getting harder to ignore. The leverage, the narrative, and the assumptions holding MSTR together are all being stress tested at once, and what's underneath doesn't look nearly as solid as the pitch has always suggested. This is the breakdown most Saylor supporters don't want to sit with.

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