And who are you again? Oh I almost forgot, that's right. The annoying little idiot on ET that has been wrong about everything...
As an aside, first, this is another way for mstr to utilize Traditional Finance fiat system to acquire bitcoin for its treasury (asset), and this preferred shares open up capital from all kinds of investors i.e. pension funds,banks(?), etc Preferred shares Convertible bond ATM (At the money) share offering Income from Business Intelligence (Cloud) software business [I have no accounting background, nfa] The preferred shares yield (dividend) would be based on net income, but with the FASB GAAP bitcoin changes that will be active starting on the next earnings for mstr, I honestly don't know how where the dividend would come from, I hope it's not from selling bitcoin asset in order to realize the USD profits (for every $2.2k upward price of btc, it's potential $1B profits for mstr, as they hodl 446k bitcoin at cost-basis of $62k/btc) -------------------- Dylan LeClair posted a deep-dive on the mstr preferreds, worth a read for anyone interested, I rely on the comments/replies for more explanation
Keep in mind that Saylors profits are unrealized. He is literally raising up his own price. If he wants to exit his positions; how much will he get out? If there is no greater sucker degenerate after him, he won't be able to exit positions. Correction; he will be able and he already has sold lots of MSTR shares. Just everyone holding MSTR and BTC will get screwed.
Smart money are very clever at selling to the sucker, it is not difficult for smart money to quickly ramp up price to draw in the crowd - at the top. Happens frequently. The opposite to that, smart money crashing price at the bottom to instill fear and to buy at basement.
Kind of like a ponzi government that keeps selling t-bills & bonds to the sucker because it has no money and keeps falling into more unpayable debt?
Yeah but government needs money to finance it's operations. You throw money into Bitcoin you are doing nothing but fuelling the gambling degeneracy, more electricity waste, more pollution. All just to arbitrarily create a harder and harder to solve random number. Microstrategy explained;
oh no guys!!! What's happening to the 100k level we broke for like the 10th time lol...I thought it was pivotal??? @johnarb @Noah @Tokenz Yet here we are bouncing around over a month later...
Sounds like you've been drinking the cool aid. https://manhattan.institute/article/canadians-arent-actually-woke Let's take of the spaghetti strainer for a moment and look at what can really affect hodlers. At some point there will be an un-realized gains tax placed on Crypto, its already happening in Denmark. BREAKING: Denmark becomes the first country in the world to tax unrealized capital gains on crypto, starting January 1, 2026. The tax on unrealized capital gains is 42%. This will affect not only crypto acquired from that date but also crypto obtained as far back as the genesis block of Bitcoin in January 2009.Oct 23, 2024 This should be the only topic of conversation right now...not the price of bitcoin. It doesn't matter if bitcoin goes to 1M...I doubt any retail are going to be along for the ride. THIS is why I moved everything over to ETF's. (btw we have had spot bitcoin etf's (BTCC.B) in Canada since Feb18 2021)
That's because the whole stock market is down. Jerome Powell keeping a hawkish stance on the interest rate cuts for 2025. Relax, Breathe... This is only temporary and is normal market behavior, and this is also healthy for building Bitcoins' structure. One day when you are more mature, you might understand what is happening, instead of blapping your mouth over every little dip