As a data-driven investor in NYC, I’ve watched Michael Saylor turn $MSTR into a crypto powerhouse—not through leverage, but by exploiting a hidden market inefficiency: investment mandates. This isn’t speculation—it’s *arbitrage*. In this deep dive, I unpack how institutional capital bypasses regulatory walls to buy BTC via stock, why debt isn’t the threat everyone fears, and what it means for the future of on-chain wealth. Spoiler: the real strategy is psychological. Join me.