See, you are not as dumb as you pretend to be, waxy Was it that difficult for you to say mstr was selling ATM shares??? You know what's great about mstr ATM sales? there is no liability whatsoever, imagine they sold mstr shares $22.3 Billion worth and purchased $22.3 Billion worth of bitcoin that has gone up in value! And there is $0 debt in the mstr books! And now $25 Billion worth of bitcoin is part of their treasury asset part of the mstr book value, part of the mstr Enterprise value AND $0 DEBT, ZERO $ liabilities to mstr but waxy thinks mstr should have saved $22.3 B put it in their Bank of America savings account earn 4%/yr and wait for the bitcoin price to dip, lmao Waxy, maybe they should have bought msty with it and earned 7-10% / month? Perhaps this week, they should save the $1-2B because bitcoin is too high at $103k/btc, waxy? Just so you know, if they do that and disclose it next week they sold shares and did not buy bitcoin per the terms of the ATM share offerings, the mstr stock will tank like a rock But who cares, waxy says that's the way to buy bitcoin, be a genius trader like waxy, lol
Well if they are selling and buying then it makes no difference as mstr tracks Bitcoin...but you are still getting diluted via share offerings so they make more and you make less.
yes, the shares are being diluted, and there is suppression of the mstr share price, but the mstr management are in-charge, and mstr is outperforming all the indices ytd, so results speak for themselves This Sunday night, expect another orange dot announcement from Saylor on Twitter, showing another bitcoin purchase... So you can be sure mstr is selling ATM shares today, yesterday, and the day before, and tomorrow and Friday
There will be a day when you see bitcoin down tens of thousands of dollars. Not saying it will go to zero like he mentions but it will drop 30 40 50% in a matter of hours.
Welcome to the party: Abu Dhabi's Mubadela-$405 million via IBIT. Hong Kong's Avenir-$691 million via IBIT.
A single leak of Tether financials and we'd be down -80% in a day. It's like trying to predict when will a ponzi scheme collapse - very hard. The fact that it still hasn't happened, doesn't mean it's not coming.