@MikeIppolito_ I dont think this can work when the devs are a bunch of anons on twitter. The only credible way is to burn the fees earned, maybe not 100% but 50% makes sense. You dont have to do this right away. You can do it from the moment you launch the token to prove its not a memecoin.
@phtevenstrong Yes, it has to appreciate precisely at a massive (lol) 3.27% per year. And this is not just to pay the STRC dividend but all the obligations on debt outstanding in perpetuity.
@leadlagreport But it will never materialize. They will buy yen just as much as needed, not too much, and carry trade funds will simply hedge fx risk more. In the end it will just be a slow death by inflation like it was always supposed to be. Or what am I missing?
@HODL15Capital I think its consistent with their bitcoin income generation strategy. They are net positive on a quarterly basis. Would have been worse to report weeks with no purchases or net sales.
@NickKaknes@dampedspring With bitcoin in an ascending phase it will go back to par easily and then the rate is even going to come down. I think the company is making it clear that given the usd reserve back up and the potential buy backs the 12% is more than reasonable.
@NickKaknes@dampedspring It will depend on the prevailing market at the time. Why not? And again if MSTR buys it back and pushes up the price, it is still a gain for whoever holds STRC.
@NickKaknes@dampedspring MSTR also has optionality in whether or not to raise the dividend. And buying back the stock does rewards current holders as well as it pushes up the price by reducing supply.