Oddbean new post about login | logout Good post! What do you think the MicroStrategy base business is worth, should be valued at when trying to do the math here? I’ve been using $1.2B but am curious your thoughts?
Ive been working on this and ultimately think that’s very high. But I price things in bitcoin. I wouldn’t pay 27,397 bitcoin for the operating company separate from the Bitcoin holdings (and whatever business flows out of the Bitcoin holdings & Saylor’s knowledge of bitcoin. I kinda treat that as an out of the money option if he starts a very successful Lightning business or something like that).