1 sat \ 7 replies \ @oliverweiss 19 Mar \ parent \ on: MicroStrategy now owns 1% of all (21 Million) BTC bitcoin
This. I can’t fully comprehend this. In my view this is so risky at this point.
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85 sats \ 1 reply \ @343pg 19 Mar
It’s essentially a call option on the Bitcoin price within standard debt markets - given the convertible nature to MSTR equity. Appears like plenty want a piece of it - hence the interest rate at under 1% pa!
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0 sats \ 0 replies \ @SimpleStacker 19 Mar
Pretty f'ing smart of Saylor it seems. Not quite in the spirit of Bitcoin (imo), but smart nonetheless
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0 sats \ 0 replies \ @PlebeiusG 19 Mar
Feeble-minded fiat folks?
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0 sats \ 3 replies \ @kepford 19 Mar
Risky if you have high time preference or don't understand bitcoin.
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0 sats \ 2 replies \ @oliverweiss 19 Mar
I am sure Saylor understands Bitcoin, I am not sure about the people and investors giving him money. They could directly buy Bitcoin themselves, couldn’t they? Instead they trust someone? I don’t trust Saylor whatsoever.
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0 sats \ 0 replies \ @343pg 19 Mar
They are likely pretty much all instutional investors with mandates they need to operate within - such as only buying dollar denominated bonds. So it’s very unlikely to be a straight choice for them between these bonds and buying Bitcoin.
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0 sats \ 0 replies \ @kepford 19 Mar
Sure, I see what you are saying.
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