That this "flywheel" is reliant on convertible notes paying 0% interest on a 55% conversion rate.
Who in their right mind would buy a confusion bond with no interest on the debt.
And an option to buy MSTR 55% HIGHER than today's price?
If one believes in MSTR, just buy the stock now, for a guaranteed 55% cheaper. Or better yet, if one believes in Bitcoin, just buy Bitcoin, not MSTR.
Not a single MSTR comment considers the MSTR implications when (not if) Bitcoin price goes down and the whole thing unwinds.
CappyNate🍁
npub1rr…9wudh
2024-11-25 00:09:02
in reply to nevent1q…8xxe
Author Public Key
npub1rr7vzwv4p2wvu0lwtmj0far08clsuvuzwlwv30xkj2euur55pp8qr9wudhPublished at
2024-11-25 00:09:02Event JSON
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"created_at": 1732493342,
"kind": 1,
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"content": "That this \"flywheel\" is reliant on convertible notes paying 0% interest on a 55% conversion rate.\n\nWho in their right mind would buy a confusion bond with no interest on the debt.\n\nAnd an option to buy MSTR 55% HIGHER than today's price?\n\nIf one believes in MSTR, just buy the stock now, for a guaranteed 55% cheaper. Or better yet, if one believes in Bitcoin, just buy Bitcoin, not MSTR.\n\nNot a single MSTR comment considers the MSTR implications when (not if) Bitcoin price goes down and the whole thing unwinds.",
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