It seems like the BTC per share would go up only if MSTR is able to buy more bitcoin (at $65k) with the money raised ($700m) than the number of notes that are converted into shares (at $1.5k).
However, $700M/ $.065M < $700M / $.0015
Am I getting this wrong?
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
It’s about Bitcoin owned per share, really. They have been careful to only issue more equity when the resulting Bitcoin purchased increases this measure.
In terms of convertible debt you could take the binary position, as I think you are doing, and assume all is converted. But even still then you need to look at Bitcoin owned per share before and after.
Ah thank you.
How do you keep up with MSTR’s BTC/sh?
I know saylortracker.com shows his purchases.
I realize nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z meant increasing the market value of MSTR’s BTC vs marketcap of MSTR (per share)
Which can be done by buying more bitcoin before the halving when the stock price is high.
