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Jake Woodhouse · 48w
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 shee...
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Jason the Original @Jason the Original
MNAV means nothing. Except the multiple that saylor can exploit. What means something is revenue growth. P/E value. MSTR has 500,000 BTC ever $2000 BTC goes up a quarter is $billion profit on their balance sheet with FASB accounting you can say it doesn't make sense but that is what makes sense to the markets. Reason why TSLA had a shit 4th quarter with a shit outlook but reported FASB and the stock popped because of BTC earnings.

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Jake Woodhouse · 48w
What’s the best resource for a summary on FASB alterations and impacts? Certainly an area I’ve not delved into much When you say “revenue” I am confused. Owning Bitcoin on the balance sheet that increases in value, due to its underlining price appreciation then pushes equity value, but wh...