The its over 9000 meme is warming up for Metaplanet, but for real does anyone know what they do? Apparently it's hotels and Bitcoin magazine JP, at least MSTRs software business still grinds out something
I guess the JPY bond market is so desperate for vol to they're just going to keep offering that pipeline
To me that's wild, when MSTR started I was like cool companies will do this and offer the BTC premium + industry exposure and companies in each niche would do this like you'd get Tesla with automotive, Rumble with media etc
Now with this 21 capital i'm just kinda bummed about the whole strategy, like I get the pipeline to vol for trapped capital but surely if you growing your balance sheet on steriods raising capital like crazy you could equally consolidate in your verticle like acquire competitors or expand your offerings, lower your prices to drive cash flow etc
Or am I on crack and this is just how business goes now
The cash flow from core business operations is not worth it. The best business in town is borrowing fiat to buy BTC using cheap corporate financing, and exploiting inefficiencies arising from trapped capital.
You just do whatever is the most profitable. If you had a real estate portfolio as a bitcoiner, would you buy more properties or more BTC?
MSTR is a $100B+ company, their BI business only generates $50M or so, they can't possibly scale it up.
One day there will be things that are more profitable than buying BTC, but at 1% or whatever adoption we have a long way to go.
The its over 9000 meme is warming up for Metaplanet, but for real does anyone know what they do? Apparently it's hotels and Bitcoin magazine JP, at least MSTRs software business still grinds out something
I guess the JPY bond market is so desperate for vol to they're just going to keep offering that pipeline
Apparently investors like "pure BTC plays", the less they do the better.
To me that's wild, when MSTR started I was like cool companies will do this and offer the BTC premium + industry exposure and companies in each niche would do this like you'd get Tesla with automotive, Rumble with media etc
Now with this 21 capital i'm just kinda bummed about the whole strategy, like I get the pipeline to vol for trapped capital but surely if you growing your balance sheet on steriods raising capital like crazy you could equally consolidate in your verticle like acquire competitors or expand your offerings, lower your prices to drive cash flow etc
Or am I on crack and this is just how business goes now
The cash flow from core business operations is not worth it. The best business in town is borrowing fiat to buy BTC using cheap corporate financing, and exploiting inefficiencies arising from trapped capital.
You just do whatever is the most profitable. If you had a real estate portfolio as a bitcoiner, would you buy more properties or more BTC?
MSTR is a $100B+ company, their BI business only generates $50M or so, they can't possibly scale it up.
One day there will be things that are more profitable than buying BTC, but at 1% or whatever adoption we have a long way to go.
I think the more they acquire, the better.
Cos more acquisition, usage and Holdings increases the value of the coin.
Nice application of DCA by Metaplanet
How is this degenerate behavior going to hold up in the next bear market???
When the market goes bearish, they'll stack up more thereby reducing their average total cost.
They're fiat maxi. Don't understand what Bitcoin really is.
They're investors, correct yourself
Ok. But why announcing it?