How can Microstrategy borrow billions at 0% to continue buying bitcoin and what does this reveal about market players’ expectations.

It’s been a wild ride lately for Michael Saylor, executive chairman of MicroStrategy, once a software company but now really a leveraged play on Bitcoin. The numbers are mind-boggling. Shares of MicroStrategy have soared 459% year to date (versus 26% for the S&P 500),

Key Takeaways MicroStrategy shares continued to move higher along with the price of bitcoin, which traded at more than $98,000 Friday morning.The business intelligence services provider is the largest corporate holder of bitcoin,