The math behind MicroStrategy’s bitcoin bet
Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
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Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
As bitcoin rallied, Nayib Bukele tweeted the Just A Chill Guy meme. Immediately, Solana traders pumped that memecoin 65% within 90 minutes.
MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.
Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.
Bitcoin is not only rallying after the re-election of Donald Trump but is further fueled by corporate leverage at four public companies.
Whether bitcoin will destroy all models or only some is up for debate. But for most publicized models, it seems intent on a destructive path.
In 2023, MicroStrategy’s average bitcoin purchase price was near $30,000. Today, that average has jumped to near $50,000.
MicroStrategy executives boasted about the ability to yield higher bitcoin exposure per MSTR share over time. We read the fine print.
Bitcoin's market cap 'flippened' Saudi Aramco and the precious metal silver. Bullish investors are looking for the next domino to fall.
Bitcoiners applauded a post by Marty Bent’s TFTC that claimed Michael Saylor convinced the Hawk Tuah girl to buy bitcoin.