$3350 (+3,53%) And the next tranche. Congratulations to everyone who waited until now—it could have turned around sooner. Personally, I liked the stock at the same price back in February, when its fundamentals were even “worse.” I made my first purchases last year at a price equivalent to less than €1.
The private international stock offering will end soon; from then on, the interests of many current “short sellers” and existing shareholders are likely to align. It’s expected to raise over one billion USD, roughly 10,000 BTC. A potential 50% increase in the treasury.
Current mNAV is at 1.3, below the “Slow Giant” strategy. The fully diluted mNAV isn’t much higher. BTC holdings are 73 times (!) as high as current debt. Have fun waiting for BTC to fall that low.
With Japan, this is an incredibly yield-hungry environment that’s likely to snap up other products similar to “Strategy.”
The prerequisites: You’re convinced of BTC itself and see no risk in the management team. Especially compared to Strategy, the latter is actually an advantage for me.
What do you think of the stock? Have you already bought some, or are you staying away from this mess? :D
