The most hated trade on Wall Street 
Discussion
Smug sonsofbitches
Fantastic
What's hilarious about that cuck Oliver is that this sentence was absolutely right and if only he took a look a bit deeper he might have saw the truth. Remember in like early 00s Oliver and Colbert were fuckin' hilarious on the Daily Show and then the simulation bugged out?
Sad watching hodl turn into a fiat maxi. The Saylor effect has destroyed so many. RIP
I’m up 6x on this trade in bitcoin terms. Bitcoin is my unit of account. That’s the only reason to own MSTR. Is to attempt to have more bitcoin.
I believe in his thesis … 100%.
When do they deliver proof of reserves?
Proof of reserves don’t mean anything, because you can’t account for liabilities. It’s ceremonial at best.
In an exchange, I can see how that makes sense. But on cold storage treasury strategy intended on staying held in perpetuity?
I disagree, strongly.
I don’t think they plan on holding in perpetuity at all, the capital will likely be lent, borrowed, collateralized in the future.
I agree with @HODL. Saylor’s speculative attack on traditional capital markets is to maximize BTC on balance sheet in the near term. Once they have amassed as much as they can within the constraints of the system, they will likely utilize the balance sheet in creative ways to drive next leg of value creation. They could do dividends paid out in BTC, they could hire the best engineers to work on the protocol, etc. They will need to expand their operating business to generate sufficient cash flows to cover interest payments over time
For now, they are just holding. Disclose your actions and show us on the public blockchain where we can find the corresponding move.
It only adds value to the company (at this moment in time) if they offer proof of reserves.
I’m in the same boat bitcoin as unit of account invested in MSTR and MSTU to grow my net worth in BTC terms above what I can do just stacking. And its a good strategy.
And the most hated trade by some bitcoiners!
Cool, but MSTR holders own MSTR not bitcoin.
If you’re eating in a McDonalds you are not eating in a Burger King
What if you're in a combination Pizza Hut and Taco Bell? 😂
🤝
It's about getting fiat rich not changing the system. Never was for a lot of them. The colors always come out.
nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs is the Nic Carter of this cycle
Lol
MSTR is simply acquiring Bitcoin in the same way nation states hoard gold. End of story. (Caveat: Bitcoin is better than gold).
Correct that's not the argument. Why would you purchase bitcoin 2x-3x the market price of bitcoin?
What is Microstrategy doing as a business that makes their bitcoin worth 2x more?
Hint: they are doing nothing, we just have simps that watched a few YouTube videos
Called the NAV top a month ago and the bag holders/exit liquidity just can't part with their positions. The only winners here are the convert bond buyers; none of which are here.
You've never set foot on wall st lol
Saylor running circles around fools.
Oh this is a good one 😂😂