not financial advice, we do not know the future, for entertainment purposes only Your unit of account is fiat but the treasury of mstr is in bitcoin $6.66 Trillion market cap In 4 years they've been able to acquire 250k bitcoin, another 5 years if they can get to 600k bitcoin would be great 600k x $1M/btc is 600B at 1-1 NAV Currently 3mNAV, the market would easily do 10mNAV given their PE is probably less than 20 due to the bitcoin profits being reported every quarter so to be honest, $6.66T market cap is super conservative, could be well above $10T NFA
1 million on bitcoin in 5 years? And a market cap of 7 to 10 trillion on mstr??? That's an extremely tough call... The highest market cap of all market caps, higher than nvdia and Apple?
Did you see their earnings last quarter?? They were atrocious! If any company can gain from buying bitcoin then they need to do this immediately....
You still have not looked up the FASB rule change on bitcoin asset held in treasury You'll be in shock when mstr announces a $50-$100+ eps
If the 500 s&p companies do exactly what mstr So a company can report the worse quarter and have years of worthless earnings, but all they have to do is buy bitcoin and have the fasb rule in their favor and have this create unlimited upside EPS?
No sir, their bitcoin holdings gets marked to market, then any profits or losses become part of the earnings Cost basis of mstr on the bitcoin holdings is in the high 30k'sh
As a non-investor and idiot, I'm confused. I understand buybacks (kinda) manufacturing demand by using cheap money (loans? Bonds?) to buy shares and create scarcity. I don't see how buying Bitcoin creates anything other than a parallel market to Bitcoin, maybe with some leverage. It can be mark to market or whatever manipulates taxes one time but reality has to catch up fast. I go back to what I said earlier, I think it's just a cult thing and many bag holders will make other rich who are smart enough to sell, or short at the top. I'll short if it goes another 2X this year.
Not really, but I find diversification more important than anything so the sizing will be small enough that I won't have to think about it. Will probably use options where I can as well. I've never seen so much volume exceeding open interest.