Nostr Web Client

You need to value the operating company separate from the Bitcoin. Once you know what the value of the operating company is, you’re looking for the price of a share of MSTR to be below the per share value of the company + the price of sats per share (the photo below will give you the current sats per share but remember this changes). If an opportunity presents itself again, my guess is that it will be around the approval/launch of the spot bitcoin ETFs and people sell MSTR for the ETF or just buy the ETF instead of MSTR and then it could get oversold.

anon 2y ago

Understood! I own a ton of $RIOT and $MARA stock and have been floating the idea of getting some exposure to $MSTR. Thank you for this framework! Time to dive into the numbers.

Reply to this note

Please Login to reply.

Discussion

Nathan 2y ago

I think my numbers were off slightly. These numbers are taken from page S-8 of the supplemental prospectus and accurate as of November 28th. (I had to verify and kit just trust my work! Haha) https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/prospectus-supplement_11-30-2023.pdf

anon 2y ago

Excellent, thank you! 🤙