Gen Zero Sum

D(oomer).I.N.O. 🦖 | Anti-Cantillon cartel | it’s ok to say homes are overpriced out loud | Fix 💰 → Save 🌎 | run a node, anon

[Gen Zero Sum @GenZeroSum]

@VEQOapp @Kalshi lol

[Gen Zero Sum @GenZeroSum]

Lol technically MSTR is an AI company. Maybe this is the Hail Mary Saylor has been waiting for 😂. Time to do some blow and convince the grifter in chief they are a top AI company.

[Polymarket @Polymarket]

JUST IN: Trump announces the government will seek equity stakes in top AI companies to make the public “very rich”

[Gen Zero Sum @GenZeroSum]

@BTCBreadMan You didn’t see the posts a few days ago on the upcoming convertible bond obligations vs their market cap? Why else would they retire those 0% bonds at a ~$40 million loss? They cleared that in case the bear market is extended and can’t raise capital through dilution/btc sells.

[Gen Zero Sum @GenZeroSum]

@TFTC21 @CynthiaMLummis Lol what purchases?

[Gen Zero Sum @GenZeroSum]

@CryptoParadyme I’m staying away. I am guessing I will regret it initially.

[Gen Zero Sum @GenZeroSum]

Where is strategy getting the money to buy bitcoin? Not from their operating company.

It’s entirely reliant on both new investors buying the common stock (knowing it’s going to be diluted and is a lower preference to the perpetual offerings) and Bitcoin going up at a sufficient CAGR. But as you said… there are no other large buyers. That alone is a signficant risk, and that’s before you introduce the convertible debt obligations if the stock can’t rise significantly to convert their positions into shares.

I get it, we’re in a bear market, but this isn’t a very sensible one. We have no boogie man to blame this time. It’s just a lack of QE (which doesn’t appear to be coming anytime soon) and a lack of interest in Bitcoin.

You don’t think committing to a perpetual dividend without any meaningful profit margins to pay the yield while having convertible bond liabilities looming is a vulnerable position? Their options to course correct make the situation worse… they are relying entirely on bitcoin rebounding. It doesn’t look like the market wants to give Saylor a free lunch.

[Gen Zero Sum @GenZeroSum]

@Z06Z07 @TXMCtrades @Strategy Is strategy net new buying though? Or is it primarily retail bitcoiners who would be buying Bitcoin if strategy/strc didn’t exist? I suspect strategy is a drag on Bitcoin at this point bc large buyers aren’t wanting to get involved with an asset tied to vulnerable capital stacks.

[Gen Zero Sum @GenZeroSum]

@Ys0Complicated @parkeralewis @shane3628 @TFTC21 https://t.co/4radGS0dIJ

Have fun big dog.

[Gen Zero Sum @GenZeroSum]

@Ys0Complicated @parkeralewis @shane3628 @TFTC21 Their financial statement? Didn’t the ceo say just yesterday that staying unprofitable is the strategy? Lol. Then he referenced bitcoin per share when Saylor is trying to distance himself from that as a kpi. It’s a mess… they need to make money to buy bitcoin like the rest of us

[Gen Zero Sum @GenZeroSum]

@Ys0Complicated @parkeralewis @shane3628 @TFTC21 And a bad operating company at that

[Gen Zero Sum @GenZeroSum]

@shane3628 @TFTC21 If you can buy ASST/MSTR in a tax advantaged retirement account, you can almost certainly buy ibit. Fidelity supposedly offers the ability to buy BTC without the wrapper, but custody is an issue with any of these. Still, the tco’s with preffered obligations are a drag on BTC imo.

[Gen Zero Sum @GenZeroSum]

@FinancialPhys @unusual_whales It is almost exclusively the wealthy trading houses.

[Gen Zero Sum @GenZeroSum]

@saylor @noufsmith My beliefs: stop giving this man your money. He is using fiat strategies to prey on retail while he builds the company’s Bitcoin hoard. Centralizing Bitcoin is gay. The flywheel will need to be stopped or Strategy is done for.

[Gen Zero Sum @GenZeroSum]

@ggcripto @davidzmorris If Saylor sells bitcoin to bail out STRC lollll.

Besides, I suspect the institutions are out by now

[Gen Zero Sum @GenZeroSum]

@PunterJeff What was the flywheel in Jan of 2024?

[Gen Zero Sum @GenZeroSum]

@aganstwallst @NicholasRi17980 What is the logic to the bitcoin’s drop?

[Gen Zero Sum @GenZeroSum]

@drsarc @SBF_FTX @realDonaldTrump Dude, real patriots have moved on from red vs blue. They are all evil pieces of shit. Get with the program or accept that you’re a dick rider too. Im not your mother, so i don’t care what you choose. But choose… just know your choices are party stan gaiboi or freedom fighter.

[Gen Zero Sum @GenZeroSum]

@kit_sats I’m already blocked by half of them for calling them out for blindly supporting Trump or running Bitcoin treasury scams

[Gen Zero Sum @GenZeroSum]

@RunnerXBT We knew their in house finance team wasn’t worth a damn when strategy top blaster every buy for the last 18 months.