I asked:
1) How does he define mNAV? People are including out-of-the-money securities. Does he agree with that?
2) What is an example of a dilutive transaction if selling equity for dollars isnโt dilutive.
Pretty basic questions and I was asking them genuinely. How is that
MSTR CEO PHONG LE: We sold 32 Bitcoin to inoculate the market and test our processes.
We learned that everything works. Our institutional investors donโt seem to be unnerved by it. Retail investors are.
85% of all USD invested in Bitcoin today is in Loss
At previous bottoms:
Nov 2022: 91.5% of all USD invested in Loss
Dec 2018: 95.5% of all USD invested in Loss
Jan 2015: 97.4% of all USD invested in Loss
Nov 2011: 92.2% of all USD invested in Loss
The CLARITY Act has nothing to do with Bitcoin! ๐
The contention over the CLARITY Act is just fractional reserve bankers fighting stablecoin issuers over yield. Whoever wins makes no difference to Bitcoiners. ๐คทโโ๏ธ
@Excellion breaks it down on @BitcoinNewsCom. โฌ๏ธ
FOLD SELLS $45M OF BITCOIN TO ELIMINATE DEBT, FUND GROWTH
Nasdaq-listed Fold Holdings ($FLD) sold roughly $45 million worth of Bitcoin at an average price of $71,000 per BTC, using the proceeds to repay $20 million of Bitcoin-collateralized debt and free up another $25 million