Replying to Avatar sauna

As long as the NAV is greater than 1. He can issue shares and buy Bitcoin and the BTC/share goes up.

He’s the first company in history to have shareholders wanting him to dilute their shares. It’s mind boggling.

Maybe that is him harvesting the store of value premium in stocks? Could be.
Avatar
Dr. Bitcoin, MD 1y ago

That’s exactly what he’s doing. And it explains why the stock still trades at a premium. Shareholders do take a risk of having no btc per share if notes don’t convert.

Reply to this note

Please Login to reply.

Discussion

No replies yet.