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85 sats \ 1 reply \ @343pg 19 Mar \ parent \ on: MicroStrategy now owns 1% of all (21 Million) BTC bitcoin
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!
Pretty f'ing smart of Saylor it seems. Not quite in the spirit of Bitcoin (imo), but smart nonetheless
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