The fact that more public companies havenāt run the MicroStrategy playbook yet is kind of wild actually.
Discussion
True, but I believe more will have to make the switch or they'll cease to exist in the future.
Nobody runs the Berkshire playbook either.
Gotta love asymmetric knowledge
River did a report on this a bit ago. There might be more coming around the corner.
Looks like a money printer. Any idea why not?
They lack courage. Don't want to stick their heads above the parapet.
They don't have the knowledge required for the conviction. Kinda impressive considering the lack of understanding Saylor displayed when he went of Saif's show.
I know someone who believes that it must be an individual, organizations by their nature cannot hodl. I think that will change once bitcoin is just money, but it seems true today.
In the company I work for, which at that time was public, the CFO got confronted with the question in an AUA why they donāt convert partly to bitcoin for treasury purposes. The answer baffled me: āI donāt understand bitcoin. It seems interesting but I just donāt get itā. This is now 4,5 years ago. Still no BTC on the balance sheet and a missed opportunity.
IMO board members of the most influential public companies are mostly risk averse and they like the risk free 4%+ on dollars.
Yes, but some of them will realize that the traditional non-risky move may be the riskier option.
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I have the feeling there are many behind the scenes getting their corporate ducks in a row though. Dell, for example.
Absolutely! Clearly thereās a room where itās happening š
How many struggling/zombie publicly traded companies are still founder controlled and with cash on balance sheet?The question is when the perception flips from a Hail Mary strategy (Saylor) to simply another capital allocation decision.
Shocking to us yes. But you have to think most of the companies without growth are no longer founder run. Some slap-dick CEO just wants to get his bonus and move on to another job. And the zombies probably just want to get sold before they die
yeah i also dont get it,
maybe it takes to much time to convince all the board members
Agreed surprisingly but maybe other factors preventing them from doing so like a board or investors there are still a lot of people that hate Bitcoin and digital assets either they canāt understand it or have been burned by it either way you look at it itās an inevitable just a matter of time
Microstrategy is a better investment than #bitcoin this year. Could this continue?
Why is that?
Shouldn't companies do whatever their core business is (manufacturing, agriculture, retail, etc) rather than leverage up to speculate in currency markets?
STAY HUMBLE AND STACK ZAPS
give em time
Yeah but itās a no brainer that it will happen
quite bizarre
only a matter of time imo
I listened to nostr:npub1pyp9fqq60689ppds9ec3vghsm7s6s4grfya0y342g2hs3a0y6t0segc0qq podcast interview last week and he seemed to conclude he doesnāt expect a lot of corps will follow the mstr playbook given the rare combo of experience in trad finance, a deep understanding and conviction in bitcoin, and an ability to wrap oneās head around the idea that diluting oneās stock can be a net benefit. It flies in face of common wisdom in corporate finance.
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I think itās a clear indication as to the unique MSTR situation
A business still controlled by the founder to a large degree
Absolutely this plays a role
I do know many private businesses following it
Is the playbook an actual published doc?
And the soon to be leader of the "free world" is getting ready to mint a new shit coin...we are still soooooo early š
what do you think are the reasons for this?