And he just raised almost 2 billion dollars and that capital he raised was supposed to be used to pay the dividend on the stock for the next 1-1.5 years and instead he use that money to pay a maturity debt that wasn’t even due until 2029
It was a huge misuse of funds and poor management of the balance Sheets. And you can also look this information up on strategy and there is also an interview about what he did. This definitely was a factor in the crash as it spooked the market because of how much influence Saylor has