@EricBalchunas They just dilute the common through ATM to pay the yield. The amount they have to dilute isn't even that big to cover the dividends.
Holding mstr is like holding a leveraged etf, you have the contango, don't want to be holding during a downturn
@Nakamotolisk Question is will I buy long deep long dated calls sometime later this year or not. In his last run from 2022, he wasn't utilizing the common share ATM. You'd think he would stop using it eventually and let the price run at some point.
@Nakamotolisk With Saylors class B shares, he's got 45% voting power. For his assets to be worth less that his liabilities (including preferreds) BTC price would have to be below $25,000, and even then, there is no forced liquidation. Saylor is a freak, but he'll survive.