ok, fine, "lying" requires intent... which I don't suspect you had. You're just incorrect in saying that their current purchases are "accretive in BTC terms." Sats/share is falling; they're dilution shareholders more than they're building the BTC hoard
It's more BTC sure but they are effectively buying it at above market rate. If you back out the debt the MNav is slightly below 1.
By my calculation MNav is 0.98
Let's not even consider the unfunded liabilities and certain future dilution. Until there is a bull market MSTR common shareholders are going to be overpaying for Bitcoin. Hopefully in the bull the stock rallies and MNav widens again and it all works out well.
Common shareholders getting crushed.
It’s accretive in BTC terms.
nope, incorrect.
I appreciate your optimism, friend, but don't spew lies.
Who’s lying?
ok, fine, "lying" requires intent... which I don't suspect you had. You're just incorrect in saying that their current purchases are "accretive in BTC terms." Sats/share is falling; they're dilution shareholders more than they're building the BTC hoard
That’s better.
Does this calc consider the massive bitcoin stash they already have?
Of course. That's immaterial for the current case
Saylorboi Livingston disagrees!
According to his math this is accretive.
It's more BTC sure but they are effectively buying it at above market rate. If you back out the debt the MNav is slightly below 1.
By my calculation MNav is 0.98
Let's not even consider the unfunded liabilities and certain future dilution. Until there is a bull market MSTR common shareholders are going to be overpaying for Bitcoin. Hopefully in the bull the stock rallies and MNav widens again and it all works out well.
STRC back over $90! The market likes this!
suitcoiners are shitcoiners. Diluting shareholders 0.7% in order to hold more melting USD ice cubes?
I dunno, bruh. I'm not running a big company but this seems like a bad idea. MSTR Bagholders
MSTR is not trading at $0 so clearly the market disagrees with your position
at this rate, it's rapidly heading there. @remindme in 1 year
@remindme in 1 year
Let's be real though, 1 year is to short a time frame to be looking at any of this stuff, going up or down.
Yup so much for bitcoiners having low time preference.
Then again in a bear markets we cannibalize our own.
Saylor isn't our own; suitcoiners are shitcoiners
Bitcoin is for everyone
Dilution as a service continues.
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