119 sats \ 8 replies \ @SimpleStacker 19 Mar
Who is buying up all of Microstrategy's debt that enables them to pursue this strategy?
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1 sat \ 7 replies \ @oliverweiss 19 Mar
This. I can’t fully comprehend this. In my view this is so risky at this point.
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85 sats \ 1 reply \ @343pg 19 Mar
It’s essentially a call option on the Bitcoin price within standard debt markets - given the convertible nature to MSTR equity. Appears like plenty want a piece of it - hence the interest rate at under 1% pa!
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0 sats \ 0 replies \ @SimpleStacker 19 Mar
Pretty f'ing smart of Saylor it seems. Not quite in the spirit of Bitcoin (imo), but smart nonetheless
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0 sats \ 0 replies \ @PlebeiusG 19 Mar
Feeble-minded fiat folks?
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0 sats \ 3 replies \ @kepford 19 Mar
Risky if you have high time preference or don't understand bitcoin.
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0 sats \ 2 replies \ @oliverweiss 19 Mar
I am sure Saylor understands Bitcoin, I am not sure about the people and investors giving him money. They could directly buy Bitcoin themselves, couldn’t they? Instead they trust someone? I don’t trust Saylor whatsoever.
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0 sats \ 0 replies \ @343pg 19 Mar
They are likely pretty much all instutional investors with mandates they need to operate within - such as only buying dollar denominated bonds. So it’s very unlikely to be a straight choice for them between these bonds and buying Bitcoin.
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0 sats \ 0 replies \ @kepford 19 Mar
Sure, I see what you are saying.
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109 sats \ 0 replies \ @TheBTCManual 19 Mar
Lol this dude already pulled off the trade of the century and yet his still like fuck it max it even more, 210k BTC and dude was buying at like 20k+ he was really like I gotta make up for lost time.
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4 sats \ 1 reply \ @0xbitcoiner 19 Mar
Michel's hunger is insatiable, I have no clue when it will stop.
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111 sats \ 0 replies \ @SpaceHodler 19 Mar
Why would it stop?
The rules of the game are clear: get as much BTC as possible.
As an individual you can stop stacking to retire and start living if that's what you desire. But he has a fiduciary duty against the shareholders, he can't stop and disappoint them. A pussy stock is not what they signed up for. They signed up for a ballsy, gigachad one.
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0 sats \ 0 replies \ @030e0dca83 19 Mar
They crossed main target. We want 300k sats, maybe 1 Bitcoin as unbelievable target. Michael moved through 1% of total 2140 year supply
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0 sats \ 0 replies \ @carlosfandango 19 Mar
I think that was always his initial goal…. Who knows where it will end though…
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0 sats \ 0 replies \ @nitter 19 Mar
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