Indeed. To be fair to Saylor, they weathered a brutal bear from 22 where they were exposed. I think he’s learned from that in that they have effectively no liquidation level risk now. And from what ...
Yeah, because of how much BTC had already accumulated, 2% CAGR is probably plenty for *current* obligations. However, to me, that's the wrong metric for considering adding new obligations into the future. The hurdle rate to justify selling more STRC in order to buy more BTC ought to be the 11.5% (albeit, variable) rate that particular move will cost into the future.
Just stay humble and stack sats (agreed).
Just stay humble and stack sats (agreed).
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