Forgot to mention. It doesn't really matter what you pay out after 10y if valuation is 5000x. It will always be much much more than 10k annually

optimism

bitcoin

What do you think is a fair mNAV for Strategy?

Haiku7336

> What type of dividend are you expecting in 10 years to make that a "good investment"?

If you have one lemonade stand today and the plan is for 1k stands? I'd expect about a 5000x, especially since a 10k investment for a lemonade stand means I'm your only investor and I'd own 20% of your business. The amount of competence you'd have to show me is going be insane but assuming you're super competent, hell yeah. Let's make some money. You'll make a lot more than me at 5000x so we be sippin Cris after those 10y.

> And the person that would buy your share would be in the same boat? They would be buying based on future dividend?

They'd be buying on the expectation of profit. 

It depends on when I sell. Maybe I sell some halfway at 500x and there's still a lot of growth (10x) to be had.

If close to the 10y, they'd buy for (a) control or (b) dividends beating bonds at a stable valuation outlook. Different goal than my risk-taking to seed you.


