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0 sats \ 2 replies \ @grayruby 28 May \ parent \ on: Bitcoin on Balance Sheets Bad (Financial Times, Lex) econ
I am not concerned about MSTR. They have been through a bear market. Their cost basis is sub 70k. It’s all the recent copycats I think will prove to fail.
Some of them will fail. It's the investor's responsibility to do their research.
Metaplanet is positioned very well though. I forgot to mention in my point about regulatory arbitrage that interest rates in Japan are near zero and the Japanese market is yield-starved. MP can raise capital at much lower rates than MSTR.