@TeddyBitcoins Who said he bought that in a day ???
And have you ever heard of limit orders, they don’t destroy their own prices. That’s not retail fomo buying with market orders, this is institutional buying.
@phillimj7103 Preferreds are in price finding phase, S&P inclusion and rating are probably pushing prices higher but in the longterm commen should outperform i guess,
@Heeler999 because some japanese funds probably have a mandate which only allows them to buy local.
and the dividend is nominated in yen so no currency exchange rate risk.
5/5
After reaching this break-even, you profit disproportionately if the company keeps accumulating Bitcoin or if the Bitcoin price rises, much like an option that’s “in the money.”
4/5
The Days to Cover mNAV metric acts like the break-even point of an option, showing how long it takes for the company to accumulate enough Bitcoin to justify the premium paid.