A Simple Theory of Digital Credit:
1. Acquire a large pool of appreciating capital ($BTC).
2. Issue credit ($STRC) against that capital, overcollateralized by the equity base.
3. Monetize a portion of the appreciation—directly or via derivatives ($MSTR)—to fund the dividend.
Today, Netflix announced our acquisition of Warner Bros. Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere. https://t.co/rXPFMNIs1A