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Isn’t that basically how this whole thing started?
Yeah for about one month and then MSTR started issuing debt to buy Bitcoin.
Scaling a business to keep up with the growth of bitcoin isn't exaclty straight forward. Same thing that happens on an individual level when someone's stack starts to make their 9-5 DCA irrelevant.
I would like to see what happens if they follow through on the logic of MSTR and actually sell bitcoin to buy shares when the mNAV inverts.
mNAV is inverted now. Their mNAV calculation is like BLS inflation rate calculation.
And I’d like to see them sell bitcoin to buy shares until it gets back to par.
That would be fun in a bear market.
If the logic of the product is correct then it should be fine...
No, one of these guys won't figure it out
One of these days one of these companies are going to figure out they can just build a cash flowing business and buy Bitcoin with it. Crazy idea I know.