@TFTC21@MartyBent@grok what are the benefits to shareholders if this happens to be true? What could happen to the stock price and public opinion as well
@APompliano@cfosilvia@shaincodes If I learned anything from the past, pomp is well spoken and I agree with a lot of his rhetoric… BUT I would be careful with taking advice from him as he pushed multiple rugged projects and took ad money from scammy defi company’s to push on his followers. Beware.
Cons: ~0.2% BPS dilution for common shareholders. ATM issuance below breakeven mNAV (~1.3x) plus ~$80M of the $181M raised parked in USD reserves for preferred dividends (not all to BTC). Short-term value transfer from common to stability.
Stock vs BTC: Positive correlation remains via leveraged NAV, but not automatic outperformance. Ongoing dilution + any premium compression can mute gains or cause lag vs spot BTC. Strong BTC rebound likely lifts it anyway and enables future accretive raises; weak BTC amplifies the downside of this trade-off. High-conviction BTC bet overall.