It will be implemented at some point. Just like they do with regular taxes if you owed money one year, then they want monthly installments the following year of the estimated amount based on the previous year. Where there's a will there's a way. And this will mostly affect smaller balances who may not have the means to pay the tax without liquidating bitcoin.
Is Roaring Kitty becoming CEO? If not, I think RC’s past performance is a clue. Johnarb should have been appointed, he would have doubled the cash!
Quite a ridiculous statement, considering Harris got far, far, far more votes than should have when assuming no one with common sense would allow such a weaponized tool by the government. Now that it is here in the west, it will spread through the European union... the same union who told its members that the Islamification of Europe was supposed to be such a great 'progressive' thing and the wonderful benefits of 'cultural enrichment' that would be achieved. Working as intended... It is interesting to note that we were promised 'income tax' would only be applied to the super-super rich. Of course, it is now weaponized against the working class (as predicted). You think the uber-rich are taking the brunt of this? If so, then you're the gullible person voting for communist unrealized-gains tax. The billionaires can still get around unrealized-taxes, but 'you' can not. So what do you think is going to happen?
mastercheeks174 explains the bond offering: Imagine you own a lemonade stand (MSTR), and you want to buy a big fancy lemonade-making robot (Bitcoin). But instead of using your own money, you go to your neighbors (investors) and say, “Hey, give me money to buy this robot, and I’ll pay you back in 4 years.” You say you’ll pay them back with 0% interest—basically, you’re borrowing their money for free. In return, you promise that if your lemonade stand becomes super successful (stock price goes up), they can exchange their money for a piece of your lemonade stand at a higher price. Your neighbors think, “Wow, lemonade is super popular right now (Bitcoin = hot), and this deal might make us rich!” So they agree. The genius part is that: - The deal makes it very hard for people to bet against your lemonade stand (short sellers) because they can’t borrow your stand to make money without hurting themselves. - You get free money to buy your robot (Bitcoin) while also making your lemonade stand more valuable because everyone is excited about your fancy new robot. It’s like getting unlimited lemonade ingredients for free because people think your stand will be the coolest one on the block. But if it doesn’t work out, you don’t lose much because you didn’t have to pay interest!
Bondholders get first dibs before anyone else regarding shares. The interesting bonds are only available for the big institutions... the only way the little retailer like you and me can get any MSTR bonds are the older non-convertibles. Interestingly enough, those pay over 6% coupon, despite Moody's has been rating MSTR far below investible grade. So you're basically in junk-bond territory. 6% may be better had with more safer businesses if you want to go the Michael Milken route.
In the Milken days junk bonds were usually paying 4-5% above investment grade so probably like 12+%. I remember seeing a bond offering for People's Express, it paid 22% & it came with warrants on the equity. Of course it went bankrupt in due course, it was famous for one its planes nosediving into the Everglades. I would say in this market 6% equates to probably BBB or A not junk. I own the XCCC ETF which is a B-CCC rated junk bond ETF and it pays around 10% & it's diversiified with around 100 different bonds. You can get BBB CLOs that have 8+% yield and they own loans from entities with better balance sheets than MSTR. Also floating rate ETFs & CEFs pay 8+% as well.