keino rutherford

☂️OG #btc ahamas! 🇧🇸 #MSTR

[keino rutherford @Keinor]

@JoshMandell6 Chooo chooo
BTC

[keino rutherford @Keinor]

@LawrenceLepard Same thing happened with me
Got 2nd Floor tickets to the Laker Game! for my whole family cost me a fortune
They never delivered them
Never refunded me

[keino rutherford @Keinor]

@sweatystartup 🤦🏽‍♂️

[Adam Livingston @AdamBLiv]

MSTR to $3,800 per share.

Assumptions:

$1B/month preferred issuance only
11.5% preferred cost
30% BTC CAGR
1.32x CEBE mNAV, no expansion EVER
common stock sold to pay dividends
zero common stock sold to buy Bitcoin (LOL)

Start:

843,738 BTC
573,757 common equity BTC
163,144 CEBE sats/share
$158.97 implied price

Year 10:

1,424,686 BTC
1,287,186 common equity BTC
285,605 CEBE sats/share
$3,836.60 implied price

That is 24.1x in the model.

The insane part?

Preferred balance goes from $15.5B to $135.5B, yet senior claims fall from 270K BTC to 137.5K BTC.
Why?

Because fixed fiat claims get vaporized when measured against a compounding Bitcoin treasury.

This is Ownership Acceleration.

CEBE sats/share rise 75%.

Common equity BTC rises by 713K BTC.

Bears see “debt” and “dilution.”

The model sees fiat claims being dragged behind the Bitcoin monster truck at 3 AM while Saylor is doing laps around the sovereign bond market.

Even the bearish assumptions make me a very rich man.

CEBE is the scoreboard.

Bullish Strategy.

[keino rutherford @Keinor]

@AAStack She is a plague

[keino rutherford @Keinor]

Bookmark…

[keino rutherford @Keinor]

@BitPaine They would have it in this scenario

[keino rutherford @Keinor]

@OtterHODL The same

[keino rutherford @Keinor]

@thepowerfulHRV Garbage
Stable coins don’t even need it

[keino rutherford @Keinor]

@AdamBLiv You got me on the asst leaps… ty sir

[keino rutherford @Keinor]

Lfg

[keino rutherford @Keinor]

@TheBTCTherapist Some STRK also
Effective yield of 10.18
Convert to common!!! Get paid to wait

[keino rutherford @Keinor]

@TheBTCTherapist Sold covered calls the whole way down
Used all the money to buy more shares
Stack is now 50% larger

[keino rutherford @Keinor]

@Dunbar1994 @Alleyesonmela1 I was with STRC and SATA.. why didn’t I think of adding STRK… updating Strategy!!

[keino rutherford @Keinor]

@Alleyesonmela1 Who isn’t …

[keino rutherford @Keinor]

@JoshMandell6 @Strategy

[keino rutherford @Keinor]

@JoshMandell6 Lfg

[keino rutherford @Keinor]

@Michael_L_Rauch Same thing happened to me..
Traded my car for one of the remaining model S
It’s unbelievable.. I barely touched steering wheel anymore.

[keino rutherford @Keinor]

@HermesLux How much will they lend me…
Enough said