Cash is definitely a scarce resource with no discernible source for MSTR. If/ when sentiment goes negative, the security will trade at truly distressed levels, not just junk.
Seems to me like Strategy leadership took ease of capital raise for granted. All fun and games when you're diluting retail investors and issuing convertible debt. But now they're actually selling a product worth holding. I don't know if they truly realize what they just did.
Cash is definitely a scarce resource with no discernible source for MSTR. If/ when sentiment goes negative, the security will trade at truly distressed levels, not just junk.
Seems to me like Strategy leadership took ease of capital raise for granted. All fun and games when you're diluting retail investors and issuing convertible debt. But now they're actually selling a product worth holding. I don't know if they truly realize what they just did.
MSTR is the king of Bitcoin treasury ponzi companies. If we like Bitcoin why buy MSTR at a premium instead of buying spot directly or with ETFs?