Furthermore….(and THIS is the primary reason I’d be concerned if I had exposure to your trade)…
The NAV premium spent MOST of the 1q of 2024 between 1 and 1.5. With a month trading right at 1. Like it SHOULD!
There is no perpetual motion machine here. Only if there is sufficiently unsophisticated buyers to pay absurd premiums to the most liquid asset in the world.
Saylor KNOWS this. And so he will continue to sell stock at 2x, 1.75x, 1.5x etc
It’s free money for him and mstr. At the EXPENSE of those paying the high premium for mstr stock vs BTC NAV.
You may get another pop (to 2.25 or so) but this is a “one trick pony”.
Fortunately for you, you made big coin on that trick!!! 💰
