The most important thing you need to understand is that they have a preferred perpetual offering that allows them to be able to pull in massive amounts of capital without stock dilution. It will allow the mNAV to grow even higher and then when they do dilute stock it'll be incredibly accretive and immediate. This is not a formula that you want to Short. It will utterly f*** you.
@LawrenceLepard For the remaining shareholders, this will end in tears. Final tell is where $mtplf $mpjpy $metaplanet price is currently sitting at. The market has spoken, and has for over a year.