@AndreasSteno Saylor could retire the prefs and the debt and still have more than 500K BTC on his balance sheet. Today’s sell off was just a liquidation cascade. Nothing more. Balance sheet is solid. I loaded up on STRC at $84 today. Will sell it when it’s back at par in a few cycles.
@AdamBLiv If only they could keep buying at these prices through 2028! I wonder if the acceleration in STRC sales will offset the higher BTC price and allow the pace of acquisition to continue?
@AdamBLiv@ralongar It’ll end up costing $80B for that first million BTC, but that second million is going to run >$1T IMO. It’ll be fun watching him go after it. Don’t know if he gets there, but he’ll have a shit ton of fiat to work with thanks to STRC and MSTR ATM. All in!
@BitPaine@shirishjajodia “Only one condition needs to be met for this to work and to scale:
$BTC APY > $STRC APY > APY of comparable fixed income securities”
This is so clean 🫡