He is leveraging a buy-out of the DNC, so when a brokered convention comes, Hillary, Oprah, or Michelle will swoop in and become the savior.
That's all this is. No liberal is going to vote for Bloomberg and he damn sure ain't getting votes in places like Alabama and Texas.
OTOH, Mollie Hemingway won’t have to make Little Big Mike a sammich in appreciation of his Dirty Racism Money, since she’s not dumb enough to be a Democrat bimbo.
If he is nominated with Michele as VP, they could run a Mike and Mike.