Holy crap! Billionaire Mike Novogratz just revealed how Michael Saylor from MicroStrategy is pulling off his insane leverage strategy. Retail investors in the U.S. are pouring into MicroStrategy like crazy, pushing its stock price premium to 130% of its Bitcoin net asset value. Saylor is cleverly taking advantage of this premium by continuously issuing new shares at high prices and taking on debt, then using the funds to go on a Bitcoin buying spree. This whole play essentially creates profits for existing shareholders out of thin air by diluting new ones. If any other company tried this, they’d have crashed and burned long ago. But Saylor has managed to build a cult-like trust consensus, making him the only person in the market who can pull off this perpetual wealth machine. He recently went all in and bought $2.5 billion worth of Bitcoin. Novogratz couldn’t help but marvel: at the rate MicroStrategy is devouring over a billion dollars’ worth of Bitcoin every week, there’s simply not enough Bitcoin supply in the market for him to keep buying like this!