Saylor is convinced of the model. He simply keeps adding regardless of what the price is doing.
This means we are seeing a massive improvement in the balance sheet holdings. Of course, the debt ratio is something else to monitor, and is rarely mentioned by the media.
Absolutely, Saylor's conviction is unshakable. Their balance sheet is soaring with Bitcoin's rise, but the debt ratio is a real concern. Historically, high leverage in bull markets can bite hard if a correction hits.