I'm still trying to wrap my head around this. MSTR had first mover bitcoin treasury advantage, and the demand in the bond market. To beat the bitcoin hurdle rate now you need to offer something of value. How else do you achieve bitcoin per share yield?
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd is a smart dude so I must be missing something
Wee have very little to go on right now, so we're all speculating,
Does this holding company buy up various Bitcoin companies and become a portfolio company with equity + BTC balance sheet?
Or does it offer up a pure play arb on debt and equity vs Bitcoin holdings?
Is this tether being able to backdoor into US equity markets?
Who knows!
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