Oddbean

That this "flywheel" is reliant on convertible notes paying 0% interest on a 55% conversion rate. Who in their right mind would buy a confusion bond with no interest on the debt. And an option to buy MSTR 55% HIGHER than today's price? If one believes in MSTR, just buy the stock now, for a guaranteed 55% cheaper. Or better yet, if one believes in Bitcoin, just buy Bitcoin, not MSTR. Not a single MSTR comment considers the MSTR implications when (not if) Bitcoin price goes down and the whole thing unwinds.

Wow you’re clueless dude. First of all if you read my post the flywheel depends on ATM issuance far more than the convertible bonds. Second, none of the debt is encumbered, so there is no unwinding. It’s dated years in the future at very low/no interest which the software business can more than support. If Bitcoin has a 5 year+ bear market and the debt isn’t eligible to be refinanced or converted into shares than there could conceivably be a scenario where they are forced to sell some BTC to pay back some debt. This is priced in to the stock right now buddy! Because it has a near zero percent chance of ever happening! Finally the market for their convertible bonds is huge if you actually take some time to learn about them. They’re the best performing bonds in the world and bond funds are desperate for yield. Can’t wait for your brain to melt when they issue a negatively yielding bond sometime soon! Market wants their debt so bad they’ll pay Saylor to let them have the privilege of giving him money! Mark my words.

I'll happily short it when the time is right. Funny how now you take an individual investor stance. All while after inducing a bunch of plebs into a debt-laden manic play that they don't understand. And when they lose their shirts, I'll come right back here and point those fingers at you for your role in it.

Wow, you’re a piece of work dude. I never told anyone to invest in MSTR. I merely explained (apparently over your head) that they are operating at a much faster and accelerating pace than they have over the last 4 years. And that they’re single handedly going to push the Bitcoin price quite a bit higher if they continue. But as I said, since you’re not short your opinion is meaningless drivel, and you’re not worth my time. Post your short when you put it on and I’ll happily talk to you again, until then fuck off.