Strategy to issue pricing announcement today for the new Perpetual Stretch Preferred Stock $STRC IPO today, Fidelity expects the pricing to be between $90-95 per share for 5M shares, which will bring in $450-475M dilution free funding next week to buy more ₿, larger if upsized
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@venturefounder My math says add an extra 250k for Bitcoin's price when 90 billion gets added. For example, 7.4 billion that has been added to the market divided by 360,000 gives you a 20k price increase. How does a 10x multiplyer give you a 20k price increase with 7.4B?
@HODL15Capital Divide the net money inflows by 360,000 to get the price move up. 6 billion net inflows will raise the price $16.6k. Isn't that what we just saw? Now add just 90 billion more for Blackrock to get to 1% and that will add $250,000 to the price. Boom. Plan B would be right then.