Many observations…..
Using YOUR stated premium of 2.36x (by definition) means that you are paying approx 230k PER BITCOIN by buying MSTR today. Instead of buying an ETF at roughly parity. (Let alone, buying actual UTXOs that you actually own and control)
Can you explain how you think this is “cheap” to a lowly 55-yr old former founder and CEO of a multi-billion dollar hedge fund? 🧐
What are your comps for ANY closed or open end fund to trade at 8-10 times NAV? In all of history?
These “wealthy” people you know who can’t afford a WHOLE Bitcoin. (Colour me a skeptic 🤨)
Why can’t they buy 90 mil sats instead? Or 80? Or 70? Etc etc etc.
Why is their best option to buy MSTR at 2.3x its underlying value in Bitcoin?
cmad / Chris
npub1yc…nx4rf
2024-12-01 20:08:19
in reply to nevent1q…fxs7
Author Public Key
npub1ycxn4qst07x7yr6fwfe9nxd347ytpnz42n9r37tgrjxk2lsy8nps0nx4rfPublished at
2024-12-01 20:08:19Event JSON
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