Sorry, it's $1000 not $3000. That's because you can convert each STRK share into 0.1 shares of MSTR common stock whenever you want. Because par value is $100, MSTR common stock would need to get to $1000 for that to become worthwhile.
So imagine a number line from 0->infinity and that's MSTR stock price. There's a dividing line at $1000. Below that, you get $8 annually for every share of STRK you own. Above the $1000 MSTR stock price, it becomes worth converting STRK to MSTR stock
So it's similar to a perpetual bond and a $1000 call option without an expiration date
JayPowPow / Jay Pow Pow
npub1vj…hvgyr
2025-02-17 03:47:27
in reply to nevent1q…d8vk
Author Public Key
npub1vjhfq4mrt2gcjdmv88xe94acdurfgjnq7ec3mcecjj0dkwaxk9ls9hvgyrSeen on
wss://relay.nostr.bandPublished at
2025-02-17 03:47:27Event JSON
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"content": "Sorry, it's $1000 not $3000. That's because you can convert each STRK share into 0.1 shares of MSTR common stock whenever you want. Because par value is $100, MSTR common stock would need to get to $1000 for that to become worthwhile.\n\nSo imagine a number line from 0-\u003einfinity and that's MSTR stock price. There's a dividing line at $1000. Below that, you get $8 annually for every share of STRK you own. Above the $1000 MSTR stock price, it becomes worth converting STRK to MSTR stock\n\nSo it's similar to a perpetual bond and a $1000 call option without an expiration date",
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