pull down to refresh

30 sats \ 2 replies \ @grayruby 16h \ on: Saylor's Latest Strategy: Raising Funds to Pay Dividends econ
I think equity holders would happily get diluted to pay the prefs. The prefs tap a completely different capital market that could allow Saylor to buy an absurd amount of Bitcoin and as long as he is growing the company's Bitcoin balance and Bitcoin is rising in price investors are happy. We will see how it all plays out when a bear market rolls around.
Personally I am not a fan of buying MSTR Bitcoin at 220k when I can just buy Bitcoin at 117k but I do find the Strife, Strike and Stride offerings fascinating.
write
preview
40 sats \ 1 reply \ @denlillaapan OP 8h
That last bit is 100% where I'm at. Can't understand why anyone would buy them at mNAV > 1 when we have access to the real deal
reply
7 sats \ 0 replies \ @grayruby 2h
I suppose there are pools of capital that can’t buy the bitcoin etf but can buy equities. Seems odd but I guess the ETFs still aren’t approved for some advisors, pension funds etc but they can yolo into the levered equity version. Haha
reply