@GavinNewsom Most of this is in company stock. He’s limited to how much he can sell and has to do it on central windows of time.
What happens to the market and the normal people holding his stock when he sells… oh yeah, they lose market value.
Try being inspired rather than victimized
@SenWarren If you do what you have been doing with taxes then a wealth tax will be wasted.
It’s not about how much money you bring in but what you do with the money.
Personal/corporate financial management 101
$STRC has ricocheted back to $97.38 from lows of $90.38 one trading day ago.
$SATA is back to $97.40 from lows of $92 one trading day ago.
It seems like the market is taking advantage of the clear opportunity happening here.
@michaellebowitz You’re right, what is the most trusted, secure, globally available, perfectly liquid, and mathematically capped asset worth?
Could be $60k. Could be $600k. Could be $6M.
The global free market will decide while you’re still waiting on those cash flows.
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@unusual_whales This makes it sound like Saylor is buying 30yr treasuries instead of Bitcoin for MSTRs treasury.
He bought MSTRs convertible bonds back to retire the debt and make his balance sheet stronger.
Hopefully people understand the difference…
Anyone who invests in $STRC and $SATA must believe in $Bitcoin. The risk embedded in these products are that Bitcoin goes down 80-90% and stays there for a decade.
If you think that is going to happen, don’t buy the prefs.
It’s not that hard to understand.