Arden
Vyemm Raider
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Had the first part right. Missed the part where we stubbornly hold onto our bag at -50% and then somehow end up back up at +40%.
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Had the first part right. Missed the part where we stubbornly hold onto our bag at -50% and then somehow end up back up at +40%.
Flobee
Ahn'Qiraj Raider
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Planning to watch this today/tomorrow as I have time, but wanted to share here as this is the MSTR CEO, former CFO, and it sounds so far that he's going to be addressing some of the issues I'm seeing brought up in this and the Investing thread regarding MSTR, specifically the capital market strategies they're using. Obviously biased but this is straight from the horses mouth. May be, helpful he is speaking in a more grounded finance language rather than talking about cyber hornets and digital energy transmutation that I think spooks some of you haha
36:00 - he specifically talks about how they'll meet their ~$750-800m yearly dividend payments.
45:45 - Will you ever sell Bitcoin?
50:00 - Would you acquire other BTC treasury companies below 1 MNAV to absorb their Bitcoin at a discount?
53:45 - Fair value accounting (Bitcoin price appreciation listed as earnings)
36:00 - he specifically talks about how they'll meet their ~$750-800m yearly dividend payments.
45:45 - Will you ever sell Bitcoin?
50:00 - Would you acquire other BTC treasury companies below 1 MNAV to absorb their Bitcoin at a discount?
53:45 - Fair value accounting (Bitcoin price appreciation listed as earnings)
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Kiroy
Marine Biologist
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how did he say they’d meet dividend and did he talk about the fraud he committed with his verbiage and/or double down on the fraud?
Flobee
Ahn'Qiraj Raider
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Kiroy
Marine Biologist
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Sanrith Descartes
I was forced to self-deport from the /pol thread
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Flobee
Ahn'Qiraj Raider
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MSTR announces they're now holding $1.44bn in cash ~21 months of dividend payments. Seems to me that at a minimum they'll be making their payments to preferreds for the foreseeable future. I'm not in any way saying its a slam dunk that MSTR is going to do all the stuff they say they're going to do, but they're clearly trying to address the concerns that people have. Interested to see how it plays out.
To be clear, if you want Bitcoin, buy Bitcoin not financial instrument be it an ETF, treasury company, or JP Morgans new leveraged IBIT instrument they just announced. Buy and hold Bitcoin yourself.
To be clear, if you want Bitcoin, buy Bitcoin not financial instrument be it an ETF, treasury company, or JP Morgans new leveraged IBIT instrument they just announced. Buy and hold Bitcoin yourself.
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Blazin
Creative Title
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Blazin
Creative Title
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I'm sure a few more tweets wills help.
Saylor, "Hey guys what if I start adding dots! Muthafuckas what you gonna do then? More DOTS!"
Where did you get the money for the dots?
Saylor, "Well you of course! If you put the money from your left pocket into the right thats called BTC YIELD EARNINGS! Learn the new finance, noob"
Saylor, "Hey guys what if I start adding dots! Muthafuckas what you gonna do then? More DOTS!"
Where did you get the money for the dots?
Saylor, "Well you of course! If you put the money from your left pocket into the right thats called BTC YIELD EARNINGS! Learn the new finance, noob"
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Sanrith Descartes
I was forced to self-deport from the /pol thread
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I have been reliably informed that the issue is you just don't understand it enough.
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reavor
I'm With HER ♀
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More like
Where did you get the money for the dots?
Saylor "Well you of course, I was botsniping your sol shitcoin deploys and using botnets to shillpoast it before dumping on your head, that's where the real crypto is, noob. But don't worry, I'll let you subscribe to my cooker calls TG, for a modest fee"
Blazin
Creative Title
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Well you see,
"one must first destroy wealth to create wealth" - Confucius
It actually sucks to see, he could probably calm investors by taking the carnival hat off for 1 sec instead of blowing more smoke. Who knows maybe it rises from the ashes again but it won't be on this method, so far though he seems like the type that never stops to consider that he might be on a wrong path. Blind fervor like that may be great for cults not so much for managing a publicly traded company.
The stock would be up 20% in an instant if he said, okay we are done with preferred issuance and we are going to seek to close out what we have done, and I won't post another purchase chart fueled by dilution. We will continue to work day and night to find ways to leverage our stack while not hurting the stacks owners.
..edit it's accelerating to the downside now down 11+%
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Flobee
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I mean you guys may ultimately be right, but judging this whole thing in 5 minute candles is pretty silly. You all literally know better.
I'm no way claiming that I understand MSTR any better than anyone else watching it, I'm just happy to sit back and watch how it plays out. Being heavily invested in one of the most volatile assets out there, and doing quite well with it over time, puts one in that frame of mind.
I can say personally I'm not really concerned about how markets move in the short term. What does MSTR look like when Bitcoin hits another ATH? Is it higher or lower in terms of BTC per share? Thats the proposition that MSTR is making, and it may not work out, but thats what investors are buying into. I'm happy to post here if/when I sell and realize a loss so everyone can enjoy dunking on me I suppose.
My conviction is with Bitcoin, not MSTR, even if I do tend to think MSTR is either going to be a massive success or a crash and burn... which is what I've said from the very beginning.
EDIT: Just to clarify, by all means dunk on MSTR its certainly relevant and I don't mean to come off as if I'm trying to stop discussion of the price tanking. Just giving my personal view on the situation, not really bothered by it. Happy to eat crow later if it all blows up though
I'm no way claiming that I understand MSTR any better than anyone else watching it, I'm just happy to sit back and watch how it plays out. Being heavily invested in one of the most volatile assets out there, and doing quite well with it over time, puts one in that frame of mind.
I can say personally I'm not really concerned about how markets move in the short term. What does MSTR look like when Bitcoin hits another ATH? Is it higher or lower in terms of BTC per share? Thats the proposition that MSTR is making, and it may not work out, but thats what investors are buying into. I'm happy to post here if/when I sell and realize a loss so everyone can enjoy dunking on me I suppose.
My conviction is with Bitcoin, not MSTR, even if I do tend to think MSTR is either going to be a massive success or a crash and burn... which is what I've said from the very beginning.
EDIT: Just to clarify, by all means dunk on MSTR its certainly relevant and I don't mean to come off as if I'm trying to stop discussion of the price tanking. Just giving my personal view on the situation, not really bothered by it. Happy to eat crow later if it all blows up though
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Sanrith Descartes
I was forced to self-deport from the /pol thread
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MSTR had its place in time. It was a way to "own BTC" without owning BTC. But as Wall Street sees it as another viable revenue stream with ETFs and eventually allowing BTC purchases directly through themselves (or more likely they just buy a crypto exchange and rebrand it), They will do everything possible to sink MSTR. If/when MSTR flames out, I would love to see a forensic audit of their books. They should be an extremely low cost business to operate. I have a hunch that Saylor is using the company to fund his extravagant lifestyle and trips to "crypto conferences" in places like Dubai, Zurich etc.
The core issue is as a publicly traded company that has no actual revenue, it cant fund more BTC purchases without stock issuance or debt. Perhaps a better model would have been to buy what he could with initial investor funds and then sell whatever small amount of BTC they needed to each year to pay their (what should be) minimal overhead and taxes on the sale. I would be curious what the company balance sheet would look like if they never issued additional shares or took on debt after the initial purchases on BTC and held that amount at that low cost basis with zero debt on the books.
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Sanrith Descartes
I was forced to self-deport from the /pol thread
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