Odaily Planet Daily News: Kobeissi Letter stated in an article on X that the market is concerned about MicroStrategy's proposed 10 billion authorized share increase. Through a combination of convertible notes and debt issuance, MSTR has made significant use of its own leverage. The company must issue more debt or equity to continue its Bitcoin buying frenzy. If approved, MicroStrategy's total stake may increase from 330 million to 10.33 billion. The problem is that it currently puts the company in a 'lose lose' situation Felix Hartmann, founder of Hartmann Capital, stated that MicroStrategy's stock price "will eventually collapse, but most short sellers will choose the wrong timing, leading to the failure of their bets on BTC and MSTR. Hartmann said, 'Within 5 years, MSTR will first become one of the top five companies in terms of market capitalization, and then eventually go bankrupt.'. We're still too early But he added that the situation could also be the opposite: "The counterargument is that in a bull market, the company will be able to leverage more, and when sitting on $300 billion worth of BTC, repaying $1-4 billion due in 2027-9 will be a piece of cake Joe Burnett, head of market research at Unchained, referred to MicroStrategy's current strategy as' hyperbitcoinization '. Burnett stated that the company trades at a premium, allowing them to increase the price of Bitcoin per share through leverage. "Premium trading allows them to sell stocks at a price higher than their net asset value, purchase more Bitcoin, and lower leverage - further increasing the price of Bitcoin per share. This process repeats itself MSTR's stock price has fallen by 20.18% in the past 30 days, but it has still risen by 342.15% since January 1st. （Cointelegraph）
