It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.
ed @ed - 3d
This collaborative transaction is still in progress… nostr:nevent1qqsd7x9cp5rl73cf4rswm7v6zz94nsa7m65sa0ycdx42xhz7kxykuwszyr86t9auwalf7nuydd9g8nmv4cm0qtevfw7jqsn50wm2ldr0c25jwqcyqqqqqqgpz3mhxue69uhhyetvv9ujuerpd46hxtnfdu92mn7z
Hmm not entirely sure what you mean. When MicroStrategy issues a bond it’s typically at a very low interest rate (sometimes 0%). And the proceeds are used to buy Bitcoin so I guess they’re betting Bitcoin will grow faster than that low interest rate Investors are willing to buy those bonds at low interest rates because they can be converted to shares of MSTR at a certain price. I.e. they can buy $100 worth of these bonds, have essentially no risk of losing their initial investment (in nominal terms at least), but they still have some exposure to the upside of Bitcoin. If bitcoin rips (likely so does MSTR) they can convert their bonds to shares at a profit. The convertible bonds are just one of the securities MicroStrategy issues though. They have the common stock, MSTR, and now a variety of preferred stock which kinda sit between equity and debt e.g. STRF, STRK Which gets kinda complicated, but they’re goal in issuing these securities is always to increase bitcoin per share Sorry for the long message, hope that makes sense
In the case of MSTR its securities are its products. I.e. it creates a variety of ways you can get exposure to bitcoin. E.g. What if you want exposure but can only buy bonds? Or you want income? These two slides are from MicroStrategy’s Q3 2024 earnings call.
ed @ed - 6d
Let’s goo! Don’t rly get how it works, but buying hashrate
ed @ed - 7d
nostr:nevent1qqs2awxsh2c3n4gkrqjem7kg0fxf4vmgseqka84pj6xrx5wthlrf63qzyzw96rzerhlgqqjs0xd8c8rrd7p3g62kva62vy53kz9a8s8yuz8msqcyqqqqqqgpzdmhxue69uhkuethwvh82arcduhx7mn9lsnaml
ed @ed - 9d
I survived #running #bitcoin Finished in 04:24:16, wearing a t-shirt from nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx ‘s Real Bedford Football Club
ed @ed - 30d
Trying again nostr:nprofile1qyjhwumn8ghj7cn40faxymm594ex2mrp0yhxyatvd35hx6rzda6kuare9e3k7mgprfmhxue69uhkummnw3ezuum4v3hkxctjd3hhxtnrdaksqgxfax7upvpuyx7nx7sjmn6mgc75nld0azz25y4mj5xpst57fklfhqy6fmt5 6969 nostr:nevent1qvzqqqqqqypzpna9j778wl5lf7zxkj5reak2udhs9ukyh0fqgf68hd40k3hu92f8qqs00a99x44j4kmyjxy4azjh9xv94jhgp3s44wv7et42rcc50yq4qlg2fmmru
ed @ed - 1mo
nostr:nprofile1qqsqlxufmc0zqz2lr6ytvym9vyxzjmndc6w5k3dlw3ajhuaags2el6cp9emhxue69uhkummnw3ez6unn94ex2mrp0yhxxunewp6x7ctnwdjhgumnw43xcetyvajhytnrdakszgrhwvaz7tmwdaehgu3wdphk6etwv468wmmjdduzumn9wsargwp58qth7vq5 running libre relay
Running Libre Relay nostr:npub1p7dcnhs7yqy4785gkcfk2cgv99hxm35afdzm7arm90em63q4nl4sfg6cpu
nostr:npub1e85mms9s8ssm6vm6ztw0tdrr6j0a4l5gf2sjhw2scxpwnexmaxuqcev9em 2121 nostr:nevent1qqszf2kr9kx8hmrpnfag0hehdnkmehgwx7qr7t2wwvtj7ya95u8tpkczyr86t9auwalf7nuydd9g8nmv4cm0qtevfw7jqsn50wm2ldr0c25jwqcyqqqqqqgpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgryxesy
Weird of them to brag about it
Correct me if I’m wrong but even if Bitcoin dropped to $14k and their assets were equal to their debt, they wouldn’t necessarily have to liquidate 🤷♂️
Moved to Libre Relay
Feels unreal… time to get rich I guess
ed @ed - 2mo
Great service, one less reason to check twitter
Is it unreasonable to expect dollar/sat parity in my lifetime? When I look at my weekly DCA, I think to myself “yep, there’s another ~$17,000 for my future self”
The BTC per share of #MSTR has doubled since I bought. Even if the NAV premium disappears, I’d still break even vs holding bitcoin. And it’s all in a tax-free account
What is this?
Lol
ChatGPT response to the question “If I buy a dollar of bitcoin, will the market cap of bitcoin rise by a dollar?”: Great question — and the answer is no, not quite! If you buy $1 of Bitcoin, the market cap of Bitcoin won’t just rise by $1. Instead, the market cap could increase by much more, depending on the price movement your trade causes. Here’s why: 📌 Market Cap Formula: Market Cap = Current Price × Total Circulating Supply When you buy $1 worth of Bitcoin: • You’re buying a tiny fraction of a Bitcoin at the current market price. • But if your buy (and others like it) causes the price to tick up, even slightly… • Then that new higher price gets applied to all the circulating Bitcoins, not just the one you bought. So even a small trade can cause a large change in market cap, especially in illiquid or thin markets. Example: • Suppose Bitcoin is $50,000 and there are 19 million BTC in circulation. • Market cap = 50,000 × 19,000,000 = $950 billion Now say your $1 buy pushes the price up by just $1 (to $50,001): • New market cap = 50,001 × 19,000,000 = $950.019 billion • That’s a $19 million increase in market cap — from just a $1 trade! Of course, in reality, a single $1 trade probably won’t move the price unless liquidity is super low. But this shows how the last traded price drives market cap. TL;DR: A $1 buy doesn’t increase market cap by $1 — market cap changes are tied to price changes, not the size of individual trades. Let me know if you want an analogy — there’s a fun one involving paintings and auctions.
