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Wall St algs would instantly exploit this
Shorts would deliberately push the NAV below knowing it forces 'your' company to become a compulsory seller of its own underlying corn
I'll give you the benefit of the doubt in theoretical terms, we'll never know in reality unless you just won the powerball 😂😂
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To be fair, he'd be no more obligated to make that trade at the moment mNAV flips than he is to issue new shares every moment that it's above one.
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Fair dos, you were the only one who had a better idea, versus the thousands who criticise Saylor and that speaks volumes
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It's only selling low when denominated in dollars but the play is the conversion between shares and bitcoin, not between either and fiat.
In terms of shares and bitcoin, he'd be buying low and selling high, respectively.