pull down to refresh

How will $STRK change into $MSTR?
32 sats \ 5 comments \ @bitcoingecko 5h bitcoin
I know 10 shares of STRK can become 1 share of MSTR once MSTR is 1000 dollars a share. But what is the process? Will I have to do something manually? Or will it be an automatic conversion? Also, what about taxes? Will it make taxes overly complicated? I understand buying and selling stock, but would rather not make it very complicated.
It seems STRK is a good idea, but these things worry me a bit.
write
preview
related posts
0 sats \ 1 reply \ @denlillaapan 4h
Taxes are a good question. Otherwise this happens either by company enforcing it (and so company, via custodian, just makes it happen), or by your own choice — so you have to push a button or fill out a form, usually again via custodian.
My best guess
reply
3 sats \ 0 replies \ @bitcoingecko OP 1h
Taxes are my main concern unfortunately. 🫠🫠🫠
reply
0 sats \ 0 replies \ @freetx 2h
I really don't know, but logically I think you will have to manually initiate it somehow. The theory of convertibles are like options - they are a "right" not an "obligation".
Therefore I imagine it will physically function like options currently do within your brokers platform. For options, brokers usually include an "Exercise" button next to the option once its "in the money".
When the option is not "in the money" the exercise button is usually greyed out or not present....
reply
0 sats \ 1 reply \ @DarthCoin 4h
all bullshit. Why people are wasting their time with this crap? IT'S ALL A PONZI SCHEME
reply
0 sats \ 0 replies \ @denlillaapan 57m
Darth is back, bringing the wisdom
reply