According to @BitMEXResearch, MicroStrategy (MSTR) previously sold equity at a premium to fund Bitcoin (BTC) purchases and is now pursuing debt issuance to buy more BTC, structuring the debt to resemble the risk profile of short-duration U.S. Treasuries, source: @BitMEXResearch on X, Nov 14, 2025. According to @BitMEXResearch, traders should monitor potential near-term BTC spot demand tied to any debt-funded accumulation by MSTR and related beta sensitivity in MSTR versus BTC around issuance and deployment timelines, source: @BitMEXResearch on X, Nov 14, 2025. According to @BitMEXResearch, fixed-income desks should watch pricing versus short-duration Treasuries, investor reception, and settlement timing as key datapoints for gauging the scale and pace of BTC purchases by MSTR, source: @BitMEXResearch on X, Nov 14, 2025.

According to The Kobeissi Letter, GameStop stock (GME) decreased by more than 25% after the company issued debt to buy Bitcoin. This strategic move has raised concerns among investors about the company's financial stability and the volatility associated with Bitcoin investments. The sharp decline indicates a negative market reaction and potential risks for traders considering positions in GME.