Innovative three-dimensional investment strategy: Mindaoyang pointed out that MicroStrategy employed a three-dimensional investment strategy, involving stocks, bonds, and Bitcoin, to achieve significant profits. This strategy combines buying Bitcoin from issuing shares at high prices, which he likens to Berkshire Hathaway’s approach in traditional finance. This has helped MicroStrategy increase asset value and earnings per share.

Saylor’s flexible convertible bonds: Mindaoyang emphasizes the sophistication in using zero-interest convertible bonds with options to convert to shares or receive back money. This helps MicroStrategy avoid default risk, similar to Buffett’s strategy. Saylor can maintain complete control over his debt management, optimizing assets as a result.

Bitcoin as a bridge between stocks and bonds: Mindaoyang highlighted MicroStrategy’s use of funds from USD bond loans to purchase Bitcoin, leveraging Bitcoin’s long-term value increase. This is considered a risk-free strategy as Bitcoin’s value is expected to rise. Mindaoyang also compares MicroStrategy to other companies like Ethereum, emphasizing the uniqueness and effectiveness of the current strategy.

Applicability to other assets: Although MicroStrategy has succeeded, this strategy may not easily apply to other assets like Ethereum or Solana. This is because varying economic factors and risks make the strategy more complex. However, the potential for high returns still attracts many major speculators preparing for similar transformations.