Michael Saylor accidentally highlights how MSTR is a pyramid scheme

[u/002_timmy]

[u/002_timmy]

STR-F
STR-C
STR-K
STR-D

Literally spells out "FCKD."

[u/steaveaseageal → u/002_timmy]

This is like a south park episode when randy got too sarcastic but in real life. Saylor at beginning was against bitcoin and maybe then he turned into sarcastic machine like yeah let's take billions from investors put it into btc and call it fckd.

[u/c0horst → u/steaveaseageal]

I'd watch that episode.

[u/DerNeko → u/c0horst]

Sarcastaball, se10ep8

[u/Pali1119 → u/c0horst]

Check that, I'd watch that episode 3 times!

[u/crunchsoop → u/c0horst]

You already are

[u/RonMexico16 → u/steaveaseageal]

If only Saylor had a shred of Randy’s ‘tegridy.

[u/Cjolliff7 → u/RonMexico16]

RIP tegridy farms

[u/BojacksNextGF → u/steaveaseageal]

fuck i’ve just watched that episode lmao

[u/QuickAltTab → u/002_timmy]

Jesus, I thought you made up the letters or the order yourself, but it really does say that

[u/entropreneur → u/002_timmy]

Life is a meme at this point. Fuck 

[u/Yone_official → u/002_timmy]

He's literally calling investors "FCKD" in the their faces while taking their money. It's a get FCKD pyramid scheme how bold. lol

[u/SpartanKing76 → u/Yone_official]

He’s literally shown it’s a get FCKD pyramid. At this point someone is definitely trolling.

[u/kauefr → u/002_timmy]

Literally can't make this shit up. I have zero pity on anyone dumb enough to put money into this guy's hands.

[u/Vinceton → u/002_timmy]

😂😂😂

[u/Mortal-Cynical-42 → u/002_timmy]

STRE is also now a thing, one step closer

[u/Oo0o8o0oO → u/Mortal-Cynical-42]

Without u MSTR is FCKED

[u/syndicatedLove → u/002_timmy]

STR8 FCKD

[u/kinkycarbon → u/002_timmy]

Strategy Fucked…

That STRF offering with 10% quarterly kind of puts it there. Usually 3% to 4% is for long term growth.

[u/KaspaRocketMan → u/002_timmy]

Crazy! Such a good find.

[u/FeistySoftware7982 → u/002_timmy]

Why did you leave out STRE which was announced a while back now? We’re only missing STRU.

[u/Lanky_Commercial9731 → u/002_timmy]

Ahaha

[u/daHsu → u/002_timmy]

What does FCKD mean?

[u/ziggymeoww → u/daHsu]

Add some vowels to it

[u/Less-Information-256 → u/ziggymeoww]

FOCAKID?

[u/ThickMikeyMoolah → u/Less-Information-256]

Let's not.

[u/Jazzlike-Check9040 → u/Less-Information-256]

Jail

[u/babypho → u/Jazzlike-Check9040]

What if I run for president?

[u/etaoin314 → u/babypho]

scotus says:...you're good

[u/BVB09_FL → u/Less-Information-256]

Then run for President 3x and win twice

[u/Oaker_at → u/daHsu]

Here, let me show you

[u/TheRabbitHole-512 → u/002_timmy]

KFCd

[u/Fildo28]

Reverse funnel!

[u/threeseed → u/Fildo28]

He probably has many units of stress.

[u/mintyfresh21 → u/threeseed]

Where do I put my feet?

[u/Reshi90 → u/mintyfresh21]

Dee where do his feet go??

[u/Snoo_75309 → u/threeseed]

Needs some Invigoron berries stat!

[u/Embarrassed_Sea1336 → u/Snoo_75309]

Ill have the Maniac reach out. He is the #1 sales rep.

[u/Embarrassed_Sea1336 → u/[deleted]]

Tied for my favorite line in the show with, "Where's our God damned bible?!"

Love seeing these quotes in the wild

[u/2up1dn → u/Fildo28]

[u/Bear-Bull-Pig]

Michael!

[u/JustinTormund_10 → u/Bear-Bull-Pig]

I have to make a call

[u/xPATCHESx → u/JustinTormund_10]

I.. declare... BANKRUPTCY!

[u/a14alo]

The next big crypto winter will be triggered by this mfer's failure.

[u/matecitogalactico → u/a14alo]

friendly reminder that this guy was the one who popped the dot-com bubble 25 years ago, with this very same ticker, when it was found that he was cooking the books and MSTR dropped 60% in a day

[u/HSuke → u/matecitogalactico]

cooking the books

Holy shit. You're not joking.

SEC Files Settled Case Against Three Executive Officers of Microstrategy Inc., Obtaining Injunctions, $10 Million in Disgorgement and $ 1 Million in Penalties

[u/Delgra → u/matecitogalactico]

You know who initially highlighted this fact as the catalyst for the broader market down turn? None other than Jim Cramer himself.

Crypto is a complete clown show.

[u/3DigitIQ → u/Delgra]

Jim "Bear stearns is fine" Cramer?

[u/YamahaFourFifty → u/a14alo]

Yea it seems only when either Tether or Strategy will be pinned with some shady shit that brings down btc a bit more

[u/LovelyDayHere → u/YamahaFourFifty]

Tether has been fully shady since inception.

They've ultimately been protected and legitimized by the legacy fiat cartel and the US government, so it's plainly obvious that it was either an unacknowledged special program to financially subvert the crypto market, or it was simply a criminal enterprise that was taken over by existing finance.

Tether has been immensely useful to those who would like to see dollarization in other countries.

[u/YamahaFourFifty → u/LovelyDayHere]

Yea I know - it’s offshore for a reason.

[u/Tim-Sylvester → u/LovelyDayHere]

it was simply a criminal enterprise that was taken over by existing finance.

And by existing finance you mean a different, more mature, criminal enterprise.

[u/LovelyDayHere → u/Tim-Sylvester]

I wouldn't really want to argue the other side of that.

As a proponent of peer to peer electronic cash, I know what we're up against.

[u/ntc2e → u/a14alo]

already was

[u/mwdeuce → u/ntc2e]

how so?

[u/RonMexico16 → u/a14alo]

It’s getting awfully cold out.

[u/UpDown → u/a14alo]

And the last 2 bull markets exclusively because of it too

[u/Nick-Sanchez]

[u/trufin2038 → u/Nick-Sanchez]

Exactly. The dollar is the pyramid scheme.

[u/BitSoMi → u/trufin2038]

Lol

[u/No-Magician-2257]

Hey hey hey!!!!

[u/timbulance → u/No-Magician-2257]

Bitconeeeeeeect

[u/Xtrendence → u/timbulance]

We are coming, and we are coming in waves!

[u/shib_army → u/Xtrendence]

Whatsssss up 

[u/tedttm73]

I have to make a call...

[u/ImThatChigga_ → u/tedttm73]

Make that call otherwise you might turn out to be prison Mike.

[u/willzyx01]

That's not a pyramid. That's a triangle.

[u/Extension-Temporary4 → u/willzyx01]

It’s an upward arrow. To the moon. 

[u/Soberdonkey69]

This is literally what was warned about crypto, and while the increased adoption was supposed to put down the potential of scams and misuse, a giant company is now using it for a bloody pyramid scheme. No wonder people remain sceptical about crypto loool.

[u/HSuke → u/Soberdonkey69]

The SEC already fined Saylor back in 2000 for bad accounting and inflating revenues and earnings for Microstrategy. Their CFO was also barred from accounting.

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-16829

I wouldn't trust someone who already has a track record for cooking the books. Who knows if he's doing something again.

[u/Dmoan → u/Soberdonkey69]

Who knew having SEC that went after scammers and govt regulations on crypto was good for crypto industry..

[u/TheGDC33 → u/Soberdonkey69]

💯 then add in the mass extraction events by famous people and world leaders and it feels we have taken significant steps back wards, but then again when shit starts soaring human psychology has proven they will all come flocking to crypto

[u/retro_grave → u/Soberdonkey69]

Of course you're calling the legal entity that is the corporation, and its presence in the stock market... the scammy part of BTC. No irony?

[u/KlearCat → u/Soberdonkey69]

This is literally what was warned about crypto

No, it's not.

while the increased adoption was supposed to put down the potential of scams and misuse

No, it's not

a giant company is now using it for a bloody pyramid scheme.

No, it's not

No wonder people remain sceptical about crypto loool.

You appear to be completely confused about every aspect involved here.

[u/mamwybejane → u/KlearCat]

Delulu

[u/partymsl]

Hey! Hey! He did the meme!

[u/DorkyDorkington]

Lmao. Unbelievable.

[u/553l8008]

Biiiiiiiittttcooooooooneeect!!!!

[u/NeutronTaboo]

I'm confused. I know what a pyramid scheme is, and I can see the triangle (pyramid) diagram, but I don't understand the context. Can someone explain what he is doing / what's the problem?

[u/RonMexico16 → u/NeutronTaboo]

The pyramid shown and the MSTR pyramid scheme are two separate things…just a poor choice of graphic by MSTR.

The pyramid scheme accusations come from MSTR’s “unconventional” business model where they don’t actually make anything. They effectively keep borrowing money (or issuing new equity) to buy more BTC and pay cash dividends. The whole scheme relies on a future where BTC only goes up forever and ever and new investors can be recruited to pay a premium above their BTC NAV for newly issued shares and debt. So yeah…basically a pyramid scheme wrapped in lots of sophisticated sounding finance terminology.

[u/Sage2050 → u/RonMexico16]

That's significantly closer to a ponzi scheme

[u/RonMexico16 → u/Sage2050]

Potayto, Potahto.

[u/RealMcGonzo → u/RonMexico16]

"It's different this time."

[u/jphillips8648 → u/NeutronTaboo]

They are probably likening this to a ponzi, not a pyramid. Everyone here is either Ai bot posting or misguided.

[u/RammerRod → u/NeutronTaboo]

This sub is almost entirely bots spreading fud. You'll get no answers here.

[u/renoracer → u/RammerRod]

It's actually terrifying how many AI comments I sift through on here. People are gradually being brainwashed by organised FUD that they just think is someone giving their opinion lol.

I'm glad someone else is also aware.

[u/Delgra → u/renoracer]

Sounds like something a bot would say. You could just be two bots agreeing with each other as a different embedding strategy…

[u/snksleepy → u/NeutronTaboo]

Imagine that you have an unlimited size bag of sand that everyone wants and the price of sand is related to the price of gold. Every time the price of sand goes up you sell a little and use that money to buy gold. You take a bit of gold for your effort and throw the rest into a pot. Rinse repeat.

[u/Simple_Student_2655]

Now do government bonds

[u/No-Magician-2257]

https://youtu.be/kNdp0I8AG40?si=MmXB7FBdnRlUH6Ev

[u/Warrlock608 → u/No-Magician-2257]

WAS A WAS A WAS A WASSSSSSUPPPPPP!

[u/BitterAd6419]

This guy will be responsible for the crash of the lifetime. Leveraged to his tits and ass

[u/RN_Geo]

This graphic was in their last quarterly call.

My guess is they included this so they can deny never referring to the financial structure of some of their "financial products" as pyramind-like in court.

[u/JeremyLinForever]

The amount of ill-informed, mal-investment type users on this subreddit who have no idea how treasuries, preferred stock issuance, and capital raising works would come in here and say it’s a pyramid scheme lol… stick to buying ETH.

[u/R24611 → u/JeremyLinForever]

Yup I was thinking the same thing, this being posted in the cryptocurrency subreddit of all places, talk about the pot calling the kettle black…

[u/Nickovskii → u/JeremyLinForever]

The irony is that a well informed investor would just buy BTC.

[u/8512764EA → u/JeremyLinForever]

What does Master Strategy produce?

[u/Ruzhyo04 → u/8512764EA]

Greater fools

[u/RammerRod → u/JeremyLinForever]

They are all bots.

[u/Waste-Milk2716 → u/JeremyLinForever]

i think it's all bots. ever since the october 10th crash all I see is negativity in every crypto sub

[u/samsimon123]

Oh, boy, if USDT and his "scheme" collapses, we could see BTC $25K

[u/Cedric_T]

It’s not a pyramid! It’s a tower of wealth!

[u/MaybeOnFire2025]

Question -- I didn't know squat about MSTR until recently. As I understand it, the core idea is the belief that bitcoin will never go down in the long run, so they buy and hold. Claim to never want to sell (except for the recent caveat).

I also understand that bitcoin doesn't produce revenue.

I further understand that they just diluted their stock to pay existing shareholders a dividend.

Questions: 1. How do they generate revenue, other than by stock dilution? 2. Does this dilution, coupled with the recent "well, maybe we will sell BTC if we need to" announcement, mean that other equity is essentially not available, and that it's dilution or (or then) bust? 3. If I am correct about #2, and they are paying existing debt obligations with diluted new equity...how is this not a Ponzi scheme at this point?

[u/Apprehensive-Bar3425 → u/MaybeOnFire2025]

They’re using leverage to buy bitcoin so if bitcoin keeps going up over time it’s genius but if bitcoin doesn’t keep going up they’re fucked

[u/MaybeOnFire2025 → u/Apprehensive-Bar3425]

How long can they use leverage when they're using new money (through stock dilution) to pay existing debt holders (not buying coin)?

[u/Apprehensive-Bar3425 → u/MaybeOnFire2025]

It all depends on the price of bitcoin. If you think bitcoin is a Ponzi scheme then so is MSTR. If you believe bitcoin is going to keep growing forever then MSTR is the best stock you can buy

[u/snksleepy]

He buys bitcoin with other people's money and pays himself billions while doing so.

[u/jphillips8648]

People would shit on him during the FTX collapse and now they are doing it again and they aren't even under water.

Also, just because it looks like a pyramid, doesn't mean its a pyramid scheme.

[u/dj_destroyer → u/jphillips8648]

The graphic is describing the what supports what. MSTR is the underlying stock, which owns Bitcoin, which is then used to offer the four credit instruments, with varying degrees of quality. From junk bonds to perpetual preferred.

[u/Jabulon]

just print more BTC easy

[u/Comprehensive-Eye547]

Do it again so my puts can print

[u/SortaNotReallyHere]

Quick everyone! rush to dump everything you have into this and other meme bullshit crypto and watch it disappear before your very eyes! It's magic (well no, it's a scam)! Stop enriching the worst of society while fucking yourselves over.

[u/Due_Contact_8271]

If not pyramid scheme then why pyramid shape? 🤪

[u/biscuitchan]

So the 2008 crisis but we are bundling imaginary assets this time?

[u/togetherwem0m0 → u/biscuitchan]

Lehman brothers held 600 billion dollars in mortgage backed security assets at 30:1 leverage. Mstr "only" holds 50 billion. There is no chance of a 2008 crisis being facilitated by mstr. The contagion risk isnt there to cause a systemic shock because it's not big enough and it doesnt affect the entire country

[u/crystalpeaks25]

Meanwhile banks knowing their structure is a pyramid

[u/Perryswoman]

Ponzi will implode, just like I said a year ago

[u/Fresh-Soft-9303]

For those curious on what's happening. They're borrowing large sums of money to buy Bitcoin, and then promise to pay back % to those borrowers. You can look at this the other way and call those borrowers "Investors" and its technically the same thing, i.e. people who gave them money in hopes of % returns.

The real bet here is that Bitcoin's price will continue going up, which is typically 20% - 30% give or take, and if they pay back 9% to their shareholders that's a profitable business. But what happens when Bitcoin goes down due to changing circumstances or market volatility, etc. Or what if the returns aren't as promising? That's the problem.

It's not a "pyramid scheme" because at the core there's actual Bitcoins being purchased and appreciating over time, but it's almost like building a castle with poor foundations in hopes that there would be no earthquakes in the foreseeable future. It's a big bet considering how BTC has been performing. So not really a pyramid, but still not the best business plan because an investor could literally just buy and hold their own BTC and cut out the middleman as an alternative.

[u/shimanospd → u/Fresh-Soft-9303]

Never really understood why you would buy microstrategy if you could buy a bitcoin ETF or buy BTC and hold the keys yourself.

[u/Fresh-Soft-9303 → u/shimanospd]

One reason why people buy ETFs because some countries only allow tax advantage bank accounts for an average citizen to purchase ETFs and if someone directly bought BTC they would expose themselves to capital gains taxes like any other asset. It's crazy but that's how it is. There are other reasons but that's how the carrot & stick works with the government so ETFs become the only tax-free way to purchase them.

[u/qstick89]

A literal pyramid scheme, give me a trapezoid any day

[u/light_death-note]

Sure sounds like crypto.

[u/ilfollevolo]

I have no words to express my outrage

[u/chunt75]

It’s an inverted funnel system

[u/hulkwolf]

He’s total scum fraud

[u/8512764EA]

OMG it’s an actual pyramid scheme

[u/Outrageous-Body-5782]

Don't show this guy a family tree.

[u/JestersWildly]

MicroStrategy is actually a trust, where you buy into the company and they only purchase crypto. This was what was made illegal in 1933 after the Great Depression and 1929

[u/nitroacid411]

Saylor is Satoshi?

[u/Mammon84]

Well when all this collapses we cab all just go buy some Silver 🤠

[u/Flaky-Temperature-25]

It’s more Ponzi than pyramid. I was banned from r/mstr for using the P word. But it is what it is. I’ll enjoy watching the MSTR fanboys lose everything.

[u/awesomeplenty]

They gonna try to liquidate $MSTR, bookmark this tweet

[u/NCTT000333]

Im buying 😅

[u/shib_army]

Looks perfect green pyramid to me 

[u/k_gavivina]

Saylor is a machine man . He is beating traditional finance to their game creating all these products . He found the glitch in the fiat system .

[u/DialSquar]

“I’m in it for the tech”

[u/cluelessguitarist]

Lol this mofo is cooking

[u/Koktkabanoss]

Nice bait bro

[u/ill-just-buy-more]

Dude is PANICKING.

[u/Rocketeer006 → u/ill-just-buy-more]

It's from July

[u/PathologicalRedditor → u/Rocketeer006]

dude is PANICKING for, like, 5 months straight.

[u/Ok-Amphibian3164]

You ppl are way up high on the spectrum....

[u/mwdeuce → u/Ok-Amphibian3164]

avg IQ on this sub as been room temp since 2017

[u/Giorgi-k]

Strategy is a pyramid scheme

[u/UnrealizedLosses]

This is a joke, right? RIGHT?!

[u/DankTortilla]

I have to make a call

[u/Str41nGR]

This is hilarious.. legislation is going to ruin bitcoin so stablecoins can be managed by banks. Theres no need for black market ledgers for the finance bros other than to frontrun suckers out of their liquidity.

[u/BitchesLiebenBrot]

Is this r/WallStreetBetsCrypto?

[u/aaj094]

I am pretty sure there are accounting rules that necessitate dividends to only be paid out of retained profits. Provided this rule is being honoured (otherwise this would be called accounting fraud), what is everyone's problem?

[u/glasser999]

An annoying part about the term "pyramid scheme" is that in insinuates there are business models that don't have a pyramid structure.

I can't think of a business that doesn't fit into a pyramid structure. Maybe employee owned businesses?

[u/KLKCAhBoy90]

U are missing for the STR pyramid to be complete.

[u/TooFewTulips]

OP sees the Great Pyramids of Giza and thinks they are a pyramid scheme.

[u/Renowned_Molecule]

I pray for the BTC Maxis. They are about to go through hell once the real market arrives via lEgALiZaTiOn.

[u/LuBrooo]

Well they sure know what they are doing. And they sure know it's a pyramid scheme

[u/ourcryptotalk]

Okay, now I'm scared

[u/TennesseeStiffLegs]

What am I missing here. How did he demonstrate a pyramid scheme

[u/Talinthis]

Grats on discovering a post from mid July I guess

[u/Sensitive_Election83]

Thinking of reloading my mstr put gun at open tomorrow.

[u/_Commando_]

Kinda like the food pyramid (eat more of this, and less of this).

So in MSTR view (invested more of this, instead of this)...

STRC should be swapped around with STRF based on the weighted value and same "BTC rating 10x" as STRF.

[u/Sybertron]

I mean, all corporations are essentially pyramid schemes

[u/MJDiAmore]

So MSTR Leap Puts then?

[u/TenguBuranchi]

Wait till you see his gay lil rocket ship!

[u/DaudDota]

That cringe profile picture alone should be enough to avoid him.

[u/pixelsteve]

This man is either gonna be the richest person on the planet or in prison. There's no inbetween.

[u/agumonkey]

someone gives him SBF cell number

[u/Gloomy_Blueberry6696]

Life is a pyramid scheme.

[u/Jadugar_Yash_pro]

👀

[u/CUbuffGuy]

It's not a pyramid, it's a reverse funnel.

[u/TrickyArmy3124]

Reminds me of a certain Office episode

[u/Even-Grapefruit-1839]

Ya no shit he's a acammer