If you were worried MSTR was insolvent last week…
Remember, the board can and will issue common stock to keep their jobs. As per the 8-k released today, they issued $1.1 billion worth of common stock, just last week. They can issue another $24.3 billion worth of common stock with no need for further authorization.
Once securities are issued, no shareholder (common or otherwise) can demand a return of capital from the company. They can continue to issue more securities as long as there is someone, somewhere, willing to give them money. The people buying securities through at the money offerings don’t even realize the company is selling them.
If you think the music is going to stop anytime soon, it won’t.