@Kasperkjs All MSTR holders are in shambles after selling .0038% of the total stack how will one ever survive?? What if by selling those coins it helped the chance of a better credit rating for MSTR and they in turn are able to access more markets
@Kasperkjs Okay so let’s say they did sell the Bitcoin to fund the STRC dividend. The amount sold to cover was 2.49% of the monthly obligation, a literal drop in the bucket. Then, within the same week MSTR bought 48x the Bitcoin they sold while still being accretive to the BTC yield
Retweets are notifications, not endorsements. When I endorse something, I say so.
Bitcoin-backed credit instruments compete with fiat and crypto yield products, not with Bitcoin. When capital moves from fiat/crypto collateral into BTC-backed instruments, it strengthens the Bitcoin network.
@Kasperkjs@saylor@mattkratter $2.5 million in Bitcoin sold was not used to cover the dividends, part of the $2 billion cash reserve was used to fund and then a repurchase of $100 million the week after.
Please describe specifically how leveraged MSTR is because many see it as almost no leverage at all
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
Today in Bitcoin History - June 1, 2011
A Gawker article by Adrian Chen exposes Silk Road to millions of readers.
Within 48 hours, US senators demand a federal shutdown... Bitcoin triples in price... And Bitcoin passes its first real test of censorship resistance. 🧵👇