Damus
Fartface2000 · 17w
Confessions of a MicroStrategy Investor A letter no one asked for, but everyone should read before handing their Bitcoin dreams to a man in an orange tie. — Dear Fellow Bag-Holders, Future Therapi...
Jamie profile picture
I too bought MSTR with the hopes that they would help bridge the gap between traditional finance and Bitcoin. I still believe this and we are just early days. Hopefully they aren’t just milking the Bitcoin treasury game.

I also hold Block/Square and am way more impressed with what they’ve done to bridge the gap.
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Fartface2000 · 17w
Here’s the truth most people don’t want to say out loud: Corporate Bitcoin treasuries look like asset-backed financing with no cashflow support. This is rare in public markets because: •Debt requires coupons •Preferreds require dividends •Operating income must service both But with Bitc...