MicroStrategy's Giant Bitcoin Bet Raises Concerns of Overleverage

• MicroStrategy has a $14B corporate Bitcoin treasury funded by debt that could lead to "severe deleveraging" if BTC price drops significantly • MicroStrategy Chairman Michael Saylor aims to aggressively acquire more and more Bitcoin over time • MicroStrategy is offering $500M in convertible notes to buy more Bitcoin, further increasing its leverage • While leverage is rising, it hasn't yet reached alarming levels indicating a imminent crypto market correction • Bitcoin futures open interest recently hit an all-time high, signaling increased optimism, but leverage used is still moderate at 0.20