@werkman Is Saylor less incentivized to let share price run up now that many of the bonds in the ladder are already eligible for conversion?
Is it possible he is waiting for these to convert and have new ladder of bonds to ease off the ATM and let price run alongside BTC?
@JoshMandell6 Is Saylor less incentivized to let share price run up now that many of the bonds in the ladder are already eligible for conversion?
Is it possible he is waiting for these to convert and have new ladder of bonds to ease off the ATM and let price run alongside BTC?
@werkman Thank you for your all your detailed posts.
If I understand the incentives/mechanisms behind these notes correctly, the conv arb desks that hold these are only hoping for big crash in $MSTR atp to profit from their hedge right?
When are conversion of these notes disclosed?
@werkman To be clear, I'm a shareholder and irresponsibly long MSTR. Only as of recent am I considering the possibility of things being too good to be true.
@werkman Ben, I've always respected your dedication in analyzing possible risks. Here's something I've been thinking about, because it seems like Saylor has found a glitch: what are the chances of Saylor committing fraud? Are MSTR holdings verifiable on the blockchain like ETFs?
@fejau_inc@dylanleclair Framework for justifying NAV premium on $MSTR? Is Metaplanet doing anything different or following same playbook? What are the mechanics behind ensuring BTC per share continues to grow?
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