BREAKING: If Sam Bankman-Fried's FTX hadn't gone bankrupt, its portfolio would be worth approximately $206 billion today.
That includes a 1,500,000% gain on Cursor and 34,000% on Anthropic, making him one of the best investors of the decade.
I get the feeling these conferences are just a mechanism to fleece shareholders without them noticing.
If you read the SEC filings, all these guys have paid business trips, paid "entertainment" expenses, etc.
For all of the financially illiterate MSTR holders out there (the majority), be aware that basic mNAV is still far below 1.0 and so the company remains unable to issue new shares and buy BTC in a way that increases BPS. YTD BTC yield is -3.6%. They can still finance BTC purchases, but only at junk bond yield levels using prefs like STRC-- which tells you something about how the market is pricing risk here. Saylor simps will not understand a word of this and will push back with random meaningless slogans