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Dr. Bitcoin, MD 2w ago 💬 7

It’s not clear to me how the cumulative notional value for strategy‘s preferred offerings add up to $14.7B…I get about $58B (8+11+12+13+14)…same for converts…even non-cumulative notional converts is wrong…the 1 in $8.214 is clearly wrong…

I don’t understand the table…

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Rylan 2w ago

Did you ask Goose, Maple, or ChatGPT yet?

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Dr. Bitcoin, MD 2w ago

Good call

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Dr. Bitcoin, MD 2w ago

Grok has been trying to figure it out for over 265 seconds now…

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Dr. Bitcoin, MD 2w ago

The first of tens of pages of grok analysis.

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Dr. Bitcoin, MD 2w ago

Grok has answered at 5 minutes:

“GAAP bifurcation of convertibles into discounted debt plus equity components for the conversion feature”

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Dr. Bitcoin, MD 2w ago

Ah, the cumulative sum isn’t adding up the debt for each instrument across time, it’s adding up the discounted debt today across instruments.

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Yaco 2w ago

they fixed, was missing the 2028 convert