You buy their stock, they buy bitcoin with it but the yield of the stock is higher than bitcoin. How in the fuck is that possible? Is this thing a bubble that is going to bust the crypto market?
>>59250131Saylor is basically genius. He literally found infinity money loophole.
>>59250131Look up Berkshire Hathaway's business model and how long they've been around.
>>59250165Is it the same?
>>59250131a lot of companies and funds and not allowed to have crypto on their balance sheet so they invest in microstrategy instead
>>59250179literally the exact sameLittle known fact BTC is actually just a proxy of the Berkshire Hathaway stock.Even lesser know fact, Satoshi is actually Gerald Hathaway, the father of Anne Hathaway and also the second lesser known member of Bershire Hathaway. Read a book why don't you.
>>59250131Their business is enterprise business intelligence and analytics software. That is actually their mainline product. Of course they also have some $31 bn of btc. So book value of just the btc: $153 /share. Plus:>the value of the software business >the future value of the cash flows from the software business>the premium attributed to it being a highly demanded stock for this reason >>59250195>the future value of the bitcoin>the future value of bitcoin they will own but don't yet ownEverything in capital markets is always future value. It just happens that having a lot of btc carries a really high expectation.
They sell sexy equity-like debt (convertible notes) to boomer institutions that can’t legally hold stock
