@adamscochran I wanted to share these posts from a very technical person who has spent tons of time going over cell video releases and other files.
https://t.co/QU3KSMuZRm
"It's just complete balance sheet mismanagement"
Jeff Dorman on why Strategy is being forced to sell Bitcoin
"The market was worried they weren't gonna be able to satisfy the dividend. So they raised about $2 billion and said now you don't have to worry for a year and a half because we have this $2 billion sitting on the balance sheet solely to pay dividends. Everyone breathes a sigh of relief"
"Then a month later he takes 1.4 billion of that cash cushion and buys back some of his convertible debt at 92 cents on the dollar, completely the opposite of what he said the cash was for. He retired 2029 maturity debt, which doesn't come due for three more years"
"Now that one and a half year cash cushion suddenly fell to four months. He comes out on Monday and says we're actually gonna sell some Bitcoin. It's teasing the market that that's the only choice he has now. That's why Bitcoin's imploding, that's why the stock is imploding"
@philrosenn@jvisserlabs Been hearing Jordi talking about selling most of, then all of his Micron. I wonder if heโs addressed the nearly doubling in price this past month? Crazy gains day after day.
@w_s_bitcoin@stephanlivera@druidian What about Mike Caldwell on @CharlieShrem's podcast? It's the only interview I've ever heard with the Casascius creator.
https://t.co/ZQGfQ9Bewe
https://t.co/GqnBmYoPuC