Saylor's Bitcoin Flywheel Stalls on Preferred Stock Plunge

Michael Saylor's Bitcoin flywheel has hit a snag due to a decline in the value of its preferred stock, which is a key component of his financing mechanism.

The preferred stock issue has effectively shut down a critical leg of Strategy Inc.'s digital-credit complex, which is a linchpin of Saylor's Bitcoin flywheel.

This development could lead to more turbulence for crypto enthusiasts as the market reacts to this disruption in Strategy Inc.'s financing mechanism.