@JoshMandell6 Interesting. Wonder how much they would have to buy in order to defend it? It would be interesting if the weekly buys reflected 80 M re purchase of STRC. And STRC stayed at 100.00
@dampedspring Rising tide lifts all boats. I also think that because it is leveraged or “amplified” Bitcoin it allows people to trade between them. A la Jim Chanos. So IMO not exactly a competitor.
@dampedspring Yes I think it is good for BTC. Money will come from individuals/funds that are buying MSTR credit that wouldn’t otherwise touch buttcoin. Also the use of leverage through selling equity and prioritization of retiring converts means they are building a very durable balance sheet.