@printandpublish@gerovich@Metaplanet I know Metaplanet's BTC yield is crazy. But this time it is totally different.
Looking at the current state, it may seem like an accretive transaction. However, once the warrants are exercised, it will lead to full dilution.
@printandpublish@gerovich@Metaplanet 2/ It is fundamentally equivalent to issuing common shares when mNAV is significantly below 1.
If this becomes a primary funding channel, it will be a disaster for existing shareholders, as institutions siphon off the lion's share of the value created.
@printandpublish@gerovich@Metaplanet 1/ Thanks. While the warrants are issued at a 15% premium, considering the 1-year duration and Metaplanet’s high volatility, these warrants are essentially "Golden Tickets" for institutions.
If share prices rise and warrants are exercised, this transaction will NOT be accretive.
@gerovich@Metaplanet Unless a satisfactory measure is implemented to address my concerns as a shareholder, I will liquidate my entire position of tens of thousands of shares without delay. My confidence in your leadership has been utterly shattered. @DylanLeClair $MSTR $ASST $BMNR $SBET
@sharplink Excellent.
Could you update us on mNAV whenever you update about acquiring ETH? It would help retail investors understand how our money invested to SBET grows. Thanks in advance for your consideration.
@sangwithme 이해합니다. 하지만 mining firms and Microstrategy에는 투자할만한 것 같아요. 비트에 직접 투자하는 것과 비교하면 더 나은 것이 이들은 레버리지 해서 투자(채굴기 구입, 비트코인 구입)할 수 있고 또 거래도 저보다 잘할테니까요 ㅎㅎ 그냥 개미 생각이에요 😀