@smarterwebuk@asjwebley I have a lot of shares and respect the company but the model is reliant on btc going up and company is trapped otherwise given no CFs and inability to raise effective leverage (unlike
Metaplanet) … prove me wrong
I’m buying a ton more SMLR at these levels … basically buying btc at discount with the decent likelihood of good yield generation of next 5-10 years. All the bad news has happened.
@IIICapital While this is ATM at a low mnav it also dilutes away existing debt giving room issue preferred credit down the line whilst also still being btc per share accretive … there’s certainly more to this than meets the eye