Actually true!!!

Time 0, company X:

10 bitcoin, $100K/bitcoin, diluted shares 100, btc value $1M, mnav 2, $20K/share, btc/share 0.1, 200% btc yield

Buy 1 share for 20K, notionally own 0.1 BTC (note could have bought btc on the market and had 0.2btc)

6 months later company X:

20 bitcoin, $100K/bitcoin, diluted shares 100, btc value $2M, mnav 1, $20K/share, btc/share 0.2

Note company X issued non-common stock (ex. SRTF) so you didn’t get diluted.

Conclusion you didn’t overpay you bought at 1mnav 6months in advance.

Continue this thought experiment. 🤯🤯🤯

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