Thread 60884581

Saylor did it again

Again, he's not getting a 25.7% yield, no other financial instrument uses the term yield in this manner. He's a scammer and this will all come crashing down at some point.

Glowing.

>>60884581 (OP)
Based Saylor keeping the run going.

Short signal

>>60884686
Historically its the exact opposite

>>60884628
>He's a scammer and this will all come crashing down at some point.
Please explain.

>>60884773
They think Saylor is trading on hyperliquid or binance perp futures and he is gonna get liquidated. They simply don't understand what Saylor is doing

TOP signal

>They simply don't understand what Saylor is doing

he setting up the biggest bollocks in coin history. it can only go wrong!

>>60884581 (OP)
He finally did it. That son of a bitch finally avoided buying the top

>>60884581 (OP)
Keep buying, bitch. keep buying...

>>60884628
no other financial instrument works off the assumption that bitcoin ownership is the only thing that matters since its the apex asset

if he's correct, and bitcoin is 1mil within the next decade, then his definition makes perfect sense

>>60884783
Only way the business model fails is if bitcoin has a black swan and is destroyed, NAV goes to practically zero, shares follow, company returns to their software business pre-BSE, there's no way to predict this and it's an infinitesimally small likelyhood,
or,
if bitcoin has a CAGR <10% forever and the preferred dividends out-pace the underlying bitcoin appreciation. I simply can't foresee this happening because of the properties of bitcoin. They currently have something like 100 years worth of dividend payments in bitcoin value at current prices so there's more than enough time to ride out bear markets and still be able to raise capital. They need more leverage imo.

I don't see any other way the model fails. There are of course other risks not inherent to the business model, i.e. custody risk, paper bitcoin, if they sell or lose the coins, etc, which need to be factored in but I trust that a NASDAQ traded company, possibly soon to be in the S&P 500, will be audited and regulated by the SEC to a high enough standard to protect investors. Especially when the major investors are institutional players like Vanguard and Blackrock.

He's unironically the legendary greatest fool.
Worst thing is that will bring us all back with him, eventually.

>>60884898
> They currently have something like 100 years worth of dividend payments in bitcoin value at current prices so there's more than enough time to ride out bear markets and still be able to raise capital.
the moment the even talk about selling 1 btc to pay dividends IS the black swan

>>60884913
Not for bitcoin, maybe for Strategy. That's why they'll never do it. It would break the business model.

>>60884773
First, he just lied, changing positions on mNAV right after the investor conference, from 1.7 to 2.5. You're getting diluted if you are a shareholder. Eventually people will wisen up if that continues. Second, he's buying all of the BTC with various forms of debt. This works great in bull markets, but the music will stop when BTC stops going up. At that point he will sell more shares, yet another avenue of diluting shareholders. He's said this on stage multiple times in defense of his methods. You're dumb if you hold MSTR. And, I believe he's putting BTC and by extension, all of crypto at risk with this.

>>60884898
Yeah, and what some other people don't understand >>60884913 is that Strategy is gonna keep evolving. It's obvious, and he has already hinted at it, that they are gonna become a bank on top of their stack. His trade will go down as the best trade in history.

>>60884581 (OP)
>even a billionaire uses hodl faggot speak
its over

>>60884934
>First
Terms stated they could change the terms in the interest of the company. You're not being diluted as a common shareholder as long as issuance is when mNAV ≥1.
>Second
If you don't believe bitcoin will have a terminal CAGR ~20% then it's a issue. All the 'debt' is based on this assumption and centred around providing yields of ~10%. 20 is greater than 10, MSTR captures the arbitrage. A bear market makes no difference for a company sitting on billions in BTC and literally decades of worth of collateral.
Do you know how leveraged they are?
Also this made me kek:
>when BTC stops going up
It's going up forever, Laura.

>>60884978
The crash will make most plentiful keks which will be echoed for decades

Haters gonna hate

>>60884898
>it's an infinitesimally small likelyhood

>>60884924
if Strategy has a black swan then thats even worse for the btc it holds KEK

>>60884581 (OP)
>baggies

who the fuck is selling him all of this BTC?

>>60885123
>if Strategy has a black swan then thats even worse for the btc it holds KEK
How so?
Are you ESL?

>>60884882
Bizarre how btc retards ignore that 100% of the btc value is tied to usd value.
They think their digital ledger is something of their own, as people would use btc in a catastrophic economic downturn instead of just barter.

>>60884581 (OP)
>btc yields

Hmm who's paying the interest?

>>60885211
No one, that's my point. He's not using the term "yield" correctly, which further proves he's a fraud and charlatan.

Saylor is a Rennaissance man and as such he creates his own terminology just like many philosophers of the past did.

Pic related is what BTC yield means in Michael Saylor's philosophy.

>>60884773
middle to end of next crypto bear market, mstr is fucked, and btc will take a hit from the fallout too

>>60886316
>middle to end of next crypto bear market, mstr is fucked
Kek'd
I really do lament over how dumb /biz/ has become. Entire board is full of brown retards nowadays jfc

>>60886404
They literally believe he is leverage trading btc on some exchange and has a liquidation price

>>60885199
>100% of the btc value is tied to usd value.

what are you even trying to say? if a meteor smashes into the usa and wipes north america completely, bitcoin would still have a price in eur or any other currency that survives

Is it really yield if the shares get diluted? (MSTR 13.87%) vs (BTC 14%) YTD. Its no longer a leveraged BTC play ever since they went from 300 million shares outstanding to 10B. A Btc Etf with 25% leverage is a better play.

>>60887948
nobody should ever buy any of these companies unless they legally can't buy the underlying, leverage or not, past performance or not.

>>60884934
Even if BTC fell below Saylor's average cost, he would just hold through it until the BTC price went up again, it's not like a few red quarters or even a red year would bankrupt the company. Bitcoin is eventually going to $1 million, and investors know this.

>>60884581 (OP)
Oh fuck. It's gonna crash again. It crashes hard whenever Saylor Moon makes a big purchase.

Michael Saylor will go down in history as the greatest business man of all time (unironically).

>>60884898
>Especially when the major investors are institutional players like Vanguard and Blackrock...
...and the Saudi Central Bank and the Norwegian Sovereign Fund, and the Swiss Sovern fund, and 1/3 of US states, etc etc

>>60884581 (OP)
who tf keeps giving this guy money. this company is the opposite of what was supposed to happen with crypto

>>60889055
he is gonna be something in history alright

>>60884898
i think what we will see in the not too distant future is that bitcoin treasury companies will become bitcoin holding companies

>>60889755
The successful ones will probably become banks.

>>60884581 (OP)
What is the current NAV? Saylortracker shows this data only sometimes.

>>60884581 (OP)
>Bitcoin maxis now have to aim for world domination, and destrution of alts, to increase the coin value

>>60889815
This is what maxis have always wanted. Are you new here?

>>60887948
The key point is that shares are diluted at a slower rate than BTC accumulation from the issuance of new shares.
When there is an ATM on the MSTR common stock, every shareholder gets an increase in BTC per share.
Mathematically, if the shares were worth x before the issuance, they're worth x+the BTC yield after. This accretion holds as long as mNAV >1.
If mNAV <1 they can use preferred stock issuance (STRF, STRC, STRK, STRD) to buy back common stock which is also accretive in BTC per share terms for the MSTR shareholders. This is one of the reasons they were created, to defend the MSTR mNAV from short pressure and organisations manipulating price to acquire undervalued stock/BTC exposure.

>>60884581 (OP)
I honestly look up to Mr. Saylor. I've been buying useless and pepe regardless of price, consistently, for a few months at this point. Don't care they are good and they will win in the end, it's about consistency. I respect that.
>>60884898
I was worried for him when BTC sank to 18k not long ago, like three years ago I think. Genuinely thought it was over for good, that's why I didn't buy until it started recovering and hit 30k again. That's when I knew we were back. Still managed to fumble it and sold at 70 :^)

>>60884968
as cryptonomicon predicted

>>60885199
If you can't understand a price ratio, you have no business in finance.
Which makes it odd that you're posting on this board.

>>60889815
And they are correct. Imagine if we all just focus on Bitcoin only. No more black swans, no more FTX, and Luna bs. ALL alts are scam.

why the f he deosnt buy legit american crypto tech with business behind it but instead he buys boomer bitcoin, it's almost like scripted that he will lose like in the tech it bubble

Wow, with a market cap of 94 billion you can buy Bitcoin for 2 times more expensive from Saylor, what a deal!

>>60885302
that is some of the most retarded shit i have read
making up terminology that has nothing to do with finance, you clowns are getting scammed lmfao