Before taking on debt/equity #MSTR asks themselves:

- Is this prudent?

- Is this accretive?

- Is this going to be good for our shareholders?

“We don’t want too much leverage, just the right amount without creating undue uncertainty.

We pride ourselves in being nimble and taking advantages as they present themselves

Sometimes it’s appropriate to go fast, go slow, or do nothing and wait for a better opportunity.”

- nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m

They never mention the “BTC/ Sh” metric.

Instead they make decisions “accretive to shareholders”

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Discussion

Big tech is cash flow rich and asset poor.

- it gets harder to produce greater cash flows as the companies get larger

Bitcoin is asset rich.

- it becomes more compelling as its value increases

- as it gets larger the liquidity and the network of holders increases