Alex Brown

[Alex Brown @alexbrown206]

@pete_rizzo_ Don’t they no longer meet the S&P profitability requirement for inclusion?

What’s the timeline to qualify again, and what BTC price would need to be hit to get them back over the line?

That said, Bitcoin and MSTR likely succeed with or without S&P inclusion.

[Alex Brown @alexbrown206]

@AdamBLiv I think it depends on which investor you consider. For me, issuing below 1.0 just to get more BTC is not ideal since I can buy BTC myself. For institutions that cannot, it might make sense. If long term it helps expand the preferreds and grow BTC per share, I am for it.

[Alex Brown @alexbrown206]

@PunterJeff @hillery_dan $200 trillion digital credit addressable market. Maximizing future capture by meaningfully increasing BTC holdings while they can. The transition to mostly STRC ATMs will happen. Low time preference ftw.

[Alex Brown @alexbrown206]

@JoshMandell6 Given BTC goes >$10M, how would you maximize shareholder value? Issuing ATMs dilute in the short term but it enables raising more via preferred equity ATMs which are clearly accretive. That dilution seems justified if it locks in long term upside for retail holders.

[Alex Brown @alexbrown206]

@PunterJeff

[Alex Brown @alexbrown206]

@PunterJeff

[Alex Brown @alexbrown206]

@PunterJeff

[Alex Brown @alexbrown206]

@PunterJeff

[Alex Brown @alexbrown206]

@PunterJeff

[Alex Brown @alexbrown206]

twittering. boom