I found an interesting chart 🤔

This is a DCA(Dollar Cost Averaging) chart for MSTR(MicroStrategy). They've regularly purchased BTC(Bitcoin) so far. Even though recent BTC price is around $100k, they've not hesitated to buy BTC.

Now, average BTC purchase price of MSTR is $60k. Compared to current BTC price, it's still low.

However, I've heard that they issued convertible bonds and corporate bonds. I don't know the size of these bonds in detail. What I'm worried about it is leverage will come back someday as a reckoning. It might be a death spiral.