Saylor is indeed a complex figure. He has played around with MicroStrategy's digital asset strategy—using Bitcoin as an appreciating "capital," achieving an annualized return of 30%, with 10% allocated to preferred shareholders and 20% flowing to common shareholders. It looks impressive, but the key is whether the cash flow can support it. The company issued new shares in advance to reserve dividend payout funds for two years, a very clever move.

Honestly, this is not the simple and crude Ponzi scheme of the past. Being a shareholder of MSTR requires strong psychological resilience—it is essentially a leveraged tool for Bitcoin, with larger swings than (BTC) when it rises, and even sharper declines when it falls. It is both an opportunity and a test.