It’s about Bitcoin owned per share, really. They have been careful to only issue more equity when the resulting Bitcoin purchased increases this measure.
In terms of convertible debt you could take the binary position, as I think you are doing, and assume all is converted. But even still then you need to look at Bitcoin owned per share before and after.
343PG / 343PG
npub1l0…cwvaz
2024-03-08 12:53:34
in reply to nevent1q…8gxp
Author Public Key
npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvazPublished at
2024-03-08 12:53:34Event JSON
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