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ICU. All things critical care.

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@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).

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@Z06Z07 @hillery_dan thoughts? I'm trying to compare your model. I'm too dumb to find the disconnect.

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@HermesLux Yes, without any further issuance of shares.

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@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.

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@AdamBLiv You have to consider the increase in price in BTC.

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@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?

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@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.

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@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.

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@rajatsoni @THEF00LZER0 Target range $99-101 for STRC issuance via atm according to their investor presentation.

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@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.

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@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.

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@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.

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@_adrian However, unfortunately, ATM complaints can drive sentiment.

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@GoingParabolic When retail?

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@BitcoinKittyCat @ryQuant @mc_khristina What about it? This is the past week, right? You can cherry pick to meet the narrative but context was YTD.

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@cliffreid Metformin high on the diff for someone like that, too.

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@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.

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@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.

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@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?