Gu Yanxi: MicroStrategy Issues $550 Million in Debt to Buy Bitcoin, Are They Crazy?

Is MicroStrategy crazy for issuing $550 million in debt to purchase Bitcoin? The most direct answer is no, it's simply being more aggressive and bold than other institutions. If MicroStrategy had issued $550 million in debt to buy Bitcoin two years ago at this time, it would indeed have been a suicidal move, and the company's stock price would definitely have plummeted.