@KobeissiLetter Love this account, but this is only part of the story. You’re comparing their BTC position to S&P returns. You failed to mention that MSTR market cap is up 40-50x since buying BTC (share price 10x d/t split).
@MSTR_Today Possible. Not likely though. Either BTC needs ATH or mNAV expands. The one other wildcard is earnings; if they announce a partnership with a large bank? $250 on the table.
@HermesLux@TheBTCTherapist I think if you take last weeks volume and extrapolate, <10% of volume was used for BTC purchase? 10% =17 million=170 BTC. Probably less. We’ll see next week. Could vol be algos arbing?
@Thelastgoodbet@bitharington Everyone focuses on demand and “diminishing returns.” The real story is supply. Only ~2.1M BTC left on exchanges. It’s not going to take 10T to take us to Valhalla.
@HermesLux I’d love for this to be true, but we’ll see. Technically, STRC ATM issuance can happen between $99-101 (per their investor presentation), and we haven’t seen it yet.
@GrammarHodl@HermesLux It depends on bitcoins strength. If my 10 delta from the previous week is now 20-25 with 3-4 DTE and BTC looks strong, Ill roll out and up for credit for piece of mind.
@GrammarHodl@HermesLux If I capture 60-70% of the premium by Monday or Tuesday with 3-4 DTE, I’ll consider rolling down to capture a little more premium. Then I’ll eventually roll on Friday to the next weeks contract. This can also be done with 30-40 DTE.
@AGratefulApe@HermesLux Well, you don’t lose your shares if you roll 🤷🏻♂️ but honestly, either way, it has been profitable/easy in a flat/down market. The real test will be when $MSTR sentiment shifts and price starts going up.
@jv_finance Is possible. At current mNav, BTC would need to be at $250k. With more pref ATMing, prefs getting rated? BTC run up, and sentiment (mNav) improving (from the above), $1000 could be hit at $150k BTC price.
@BitMasterK In market cap, yes. You need to factor in 25-30% annual share increase via common stock ATM though for the actual share price; something most people don’t mention.
@villamilalx@MasonFoard@hillery_dan What’s your take on STRK/STRF? Isn’t the fixed income market the bigger deal here? Everyone talks about the MSTR ATM, but if STRF/STRK can get rated and start raising capital via those ATMs; won’t they be able to outpace the MSTR ATM?