Saylor can't avoid proof of reserves forever.
$MSTR #Strategy
Discussion
I’m surprised the conspiracy theorist are silent on this one lol
The fact that people are borrowing him billions of $ so he can buy more #bitcoin, while having no proof of reserves is beyond me.
Let’s call it what it is:
Proof of Claims of Bitcoin are Absent.
And yes, he can. What happens is the share price goes lower and lower until MNAV < 1.
At MNAV < 1, that is the Market Demanding Proof of Assets, aka Show us Onchain what you claim to hold.
Is $MSTR really going to give nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr's Twenty One an edge by letting them roll out proof of reserves unopposed?
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