Great Grandpa Joe giving stacker nation a welcome relief as he lowers bitcoin prices for plebs everywhere. It's amazing how stubborn, hateful relics can surprise you every once in a while.
Short MSTR, buy BTC so the hedge funds go. This seems intuitive and even wise over the very long term.... right up and until MSTR rediscovers its premium on its held BTC this morning. They announced last week a plan to issue another $2B in potentially dividend-yielding, non-voting, fully convertible preferred stock, which will fund a further $2B in Bitcoin which drives the premium on MSTR price 2.2X to 2.7X (+ $4.4 - 5.4B) and provide another mechanism for fundraising by targeting the fixed income crowd. This is in addition $21B in new stock and $21B in convertible bonds over the next 3 years. Need more details on where the yield will come from. Perhaps they're opening up a line of credit with Canter Fitzgerald against their BTC and planning to distribute their software services revenue as dividends on their preferred offering.
Absolutely wild shit. I wouldn't liquidate any personally held sovereign bitcoin to get involved but if you've got trapped fiat in your 401k, there is some wild shit you can do with MSTR options... (not financial advice) you'll probably rek yourself.
Watching @RABBIT HOLE RECAP 39 blocks later. Tick tock, @Marty Bent and @ODELL keep delivering week after week. Appreciate all the creators who let us take a break from the fiat mine grind ๐ซก