Jim Cramer Sets Bitcoin 'Line In The Sand,' Urges Michael Saylor To Act Before Strategy's Q4 Earnings
The MSTR stock is often described as a leveraged Bitcoin proxy due to its recursive strategy of issuing common stock, preferred stock and convertible bonds to acquire more BTC as its price rises. As of this writing, it carries a total debt of 87,974 last week, funded entirely through selling Class A shares. Cramer questioned whether Saylor had enough capital left to defend the sell-off.The “Mad Money” host has been in overdrive amid a ...