MSTR and Saylor are primed to set the Bitcoin world on fire. He has around 40 billion available to him. 21bil STRK issuance, 4 bil ? MSTR issuance and 16 bil? in converts.
He made a strange littl...
I love this kind of idea. Where I get tripped up: the equity multiple to nav. As it blows out, 3x, 6x, maybe 10x, the incentive for additional entities to compete with a leveraged bitcoin balance sheet play increases.
It could be publicly traded equities, or a fund, doesn’t really matter, but as an investor why pay 10x nav multiple for Bitcoin exposure, when competition comes in at 3x? You wouldn’t
Yes the inclusion into the snp 500 will require some cascade allocations from index trackers etc, but that only pushes the multiple to nav further away from the inbound competitor entities
Happy to be proven wrong. But struggle to see your vision become reality
It could be publicly traded equities, or a fund, doesn’t really matter, but as an investor why pay 10x nav multiple for Bitcoin exposure, when competition comes in at 3x? You wouldn’t
Yes the inclusion into the snp 500 will require some cascade allocations from index trackers etc, but that only pushes the multiple to nav further away from the inbound competitor entities
Happy to be proven wrong. But struggle to see your vision become reality
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