No surprise, $MSTR issued more stock to do it. (See below.)
This was the right move as the stock has been trading at a high premium above its #bitcoin holdings, higher than the operating company is worth. ($MSTR should trade at a premium above its bitcoin holdings as hr operating company also has value, the question is how much.)
I believe nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m is laser eye focused on one metric: *sats per share.* He’ll do anything that doesn’t threaten the stack to increase it.
IMO, he’s a brilliant capital allocator.
This is why I had my mom buy some MSTR shares back when the stock was trading at the price of the bitcoin plus $8 for the operating company. It’s was a steal. Since then both Bitcoin and the MSTR premium have soared.
Now, if only Saylor can enter into a tiny loan he uses to buy bitcoin. Then when Bitcoin goes down & every lazy person who can’t be bothered to understand the loan agreement thinks MSTR is going to default pushes the stock to a large discount, he *buys back* shares and demonstrate to Wall Street what real capital allocation looks like.
When Bitcoin tanked, and as a result MSTR tanked because lazy people thought MSTR was at risk of defaulting on the Silvergate Loan, I moved my GBTC into MSTR & netted a bunch of sats. I’ve since moved back into GBTC, then OBTC, and then back into GBTC again netting me a bunch more sats.
I’m waiting for the MSTR premium to come back down to move out of GBTC into MSTR which is, all things being equal, the better play. (No fee, an operating company that will keep generating free cash flow to stack more sats, and one of the best capital allocators in the business.)
My guess is the divergence between the GBTC discount and the MSTR premium closes when a Bitcoin spot etf gets approved/launched. So that’s what I’m keeping my laser eyed focus on. 
nostr:note1pk7c7gqws528u8kgrnfefx0yljnhh7m49v3nnu6xca8l5f03wevslfrpd5
Good post! What do you think the MicroStrategy base business is worth, should be valued at when trying to do the math here? I’ve been using $1.2B but am curious your thoughts?
The “I can’t believe this is happening” part is about to happen. #Bitcoin
Wow! Really well done Natalie!
“You need a bridge to a system that is 1. Decentralized and 2. Secure and 3. Has no counter mparty risk to the existing system. And #Bitcoin is the only thing that exists today where all of those are true”. - Jeff Booth nostr:note1pd6c7ja6yc3vlarfn2sr9506wvqf39dafucqdwkugypk03ex0muq9d4nx8
Taking personal responsibility for all aspects of your life is the first step to your freedom. 🤙
I think it’s really worth repeating what Jeff says here at the start.
Nick and nostr:npub1phqjwzvxyhqempaxy7wsc3l0js02atvd3lgnnn4c4h0hf73zmfpsedhshp introducing their group of real estate investors to #bitcoin competes with their business.
But Nick and Tom feel so strongly about it and care so much about the well being of others that they put themselves aside to get this information on Bitcoin out. In my small case and life it’s true, I would have bought more real estate instead of buying Bitcoin.
Thank you Nick, Tom and of course Jeff for what you are doing.
This big struggle for me. I want to do deals, buy/sell, action, action, action.
All we need to do is stack and wait. Spend time more productively with family, gravel biking, reading.
And knowing what we know as Bitcoiners, we are constantly in disbelief as to how slow the world is moving along the maturity/ adoption curve and so hard to be patient! That’s when I look thru the day to day lens. Waiting is hard.
Not sure it’s exactly what you meant Jack but it’s the battle I’m fighting in my head…
I’m getting reset up this morning on Nostr and getting off of X. I feel better already. Pura vida! 🤙
Looks like Alby is the default wallet of Nostr… I’ll just try and set that up. See if it works…
I just tried to #zap 15 Nostriches who used #food in their posts and NONE of them have wallets connected.
I find value in your posts and others will too. We want to say it with the hardest money ever created…but we can’t. You’re leaving value on the table, folks. Get connected to nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 or nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg or nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm and start stackin’
I had Wallet of Satoshi connected but it looks like that’s gone now. And when I go to “connect wallet” I get “invalid Nostr string” error.
I have no clue the work effort but if it’s not too crazy, make all versions. Don’t underestimate how many of us would buy all 3. I like to have the physical at home, the e book for travel and the audio for commutes.
The race is on!
My main takeaway from the #[0]
was to continue to introduce others to #Bitcoin , not because BTC needs us, but because we don’t want our families, friends, our “oikos” to be left behind in an unjust financial system. 👊💕
Bayshore Marathon tomorrow. That’s what “they” don’t understand… We #bitcoin are all marathoners. First mile, first 10, doesn’t really matter. We just keep going and grinding. We will outlast and persevere. 20 mile FUD… we keep going to the finish. We may walk, cry… but we keep going. We are an unstoppable force 🔥🚀
Chasing the Dream IS living the Dream. Yah we all want NGU and #Bitcoin to hit some price… but we are part of one of the most just and sound transformations in history of the world. Reflect on that and be happy today. These are the good ole days. 🔥🔥🔥