He’s using fiat leverage and stock dilution to buy more bitcoin exposure. So when you buy his stock, you’re getting more volatility than the underlying product (bitcoin) - which some portfolios will want … He’s going to the banks / funds / and pitching this right now. He is looking for more investors into MSTR. He can’t pitch nice to them in person and then backstab them publicly when they’re not around. To him, yield has to be legitimate because that’s what he is pitching. He’s looking out for his shareholders, which is his fiduciary duty as a board member of a publicly traded company. Also, he has an information arbitrage right now…next cycle, there might be 10 MSTRs and then this strategy’s alpha is marginalized. nostr:note1akz6pwucdvw5tzm2f3rlgfywq60uy3rqy99x257zdlak7qm74tzsy0npjx
Thank you for repeating this. Its obvious he’s just a BTC suit at this point but who can blame him? His entire livelihood depends on US law allowing him to continue. Thats why he always seems carful to say that bitcoin isn’t a “currency”, its a store of value.