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1 sat \ 1 reply \ @k00b 29 Nov 2021
Appears to be another stock sale for Bitcoin. Saylor is a total maniac! So cool.
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2 sats \ 0 replies \ @kr OP 29 Nov 2021
Yup, MicroStrategy has now exhausted their $1B shelf offering announced on June 14th, seems like the next big catalyst for corporate Bitcoin adoption will be Marathon Digital.
Marathon has $745M of cash ready to buy Bitcoin, and typically makes treasury/mining announcements at the beginning of every month.
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0 sats \ 2 replies \ @moel 30 Nov 2021
Short term this is positive: yet another buyer who is not selling.
Longer term this is negative: a whole lot of BTC in the hands of one man is never good...
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1 sat \ 1 reply \ @kr OP 30 Nov 2021
Important to note that MicroStrategy is owned by an increasingly large number of funds and institutions.
Many of whom are buying MicroStrategy's new debt/equity offerings as a means of acquiring Bitcoin exposure themselves.
Every time MicroStrategy issues shares or convertible notes, Michael Saylor's stake in the company is actually being diluted by the incoming funds buying shares.
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0 sats \ 0 replies \ @moel 30 Nov 2021
Interesting take 👍
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