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What Solomon dude said.
Corporate/financially, absolutely he can. Imagine the PR disaster if he parts with a single sat
I have a theory that if Wall St knows he would sell, then MSTR would go higher
Obviously better tested at ATH than bottom
I think so too.
If you believe in the accretive dilution concept and are bullish on bitcoin, then that should be a plus.
If you don't believe in those two things, then why the hell would you buy MSTR?
Seems easy enough to spin. Running it either direction is accretive, so he can just say that his goal is maximizing bitcoin/share.
Because hype does not work well in reverse.
That would increase the leverage.
When your preferreds are backed by your stack, you don't want to shrink the latter, especially when the stock is down.
If the mNAV drops well below 1, why can't Saylor just reverse the normal trade and sell less bitcoin for more shares?