MicroStrategy pays about $34 million in interest on the debt used to buy $5 billion worth of bitcoin
This is a nice deal for them...
MicroStrategy has used a large amount of debt to buy bitcoin.
Here's the numbers:
(Source: https://x.com/BitcoinNewsCom/status/1837154826720850343/photo/1)
The interest they pay is roughly $34 million a year and the company nets roughly $80 million a year.
In other words they could double this and still be just fine.