You do not plant a seed in the ground and then dig it up every day to see that it is growing. #Bitcoin will grow

Why don't you just come out and say, "93% of companies that begin with 'S' and buy Bitcoin"?

Comparing STRD to SATS is no trivial task. STRD is subordinate to all of Strategy's convertible bonds, then STRF, STRC, STRK, and STRE whereas SATS is subordinate only to SATA. And additional issuance of SATA is restricted by price-based issuance rules. $ASST $MSTR

Bitcoiners need a punching bag when Bitcoin is down.

News Flash: Power Law advocate Fred Krueger examines Bitcoin treasury companies ($ASST) by presenting a single scenario that completely breaks the bottom price threshold of the Power Law.

A few commenters have raised concerns about $SATS, specifically the possibility that the company could issue additional shares below the original IPO price at some point in the future. This is worth a brief discussion of forward pricing and total return. Consider a simple example: an investor buys the security at $100 and it pays a $15 annual dividend. One year later, even if the company has issued new shares at $90, the IPO investor is still ahead. They have collected $15 in dividends and can sell their shares in the open market at the prevailing $90 price, resulting in a net positive outcome on a total-return basis. After a second year, the cumulative $30 in dividends provides an even larger cushion against any price decline. This calculation also ignores the powerful effect of compounding when dividends are reinvested daily, an advantage that further improves the investor’s long-term position and is not captured in this simple comparison.

27 months later, Strive is getting into the same trade 🤣 (Back then I was literally buying BTC perps and shorting an altcoin perp called SATS) ... A friend found this and just put it back on my timeline. I miss those old days when I was long BTC on 150 times leverage.

Now SATS? Same tiles.

I just heard about this from @GrainofSaltSF! At first glance, it seems this change would take a lot of pressure off SATA, as it will no longer bear sole responsibility for providing amplification. It’s like intercepting a pass that would normally go to the fixed income market. Many in that market tend to avoid variable rate investments. Strive’s commitment to never issue SATA below $100, combined with the added flexibility to sell this new security at any price/yield the market offers, will give them the ability to buy Bitcoin during turbulent times. I honestly still think of STRF as a future AAA rated security (after all the convertibles are gone). By that token, SATS would A rated and the yield pickup seems pretty juicy to me.

To expound on @TimmerFidelity’s point that “the stock market’s intrinsic value is the present value of future cash flows,” I’d add that earnings are seen as future cash flows because they ultimately flow into the balance sheet or get distributed as dividends to shareholders.

Behold the warrant window of opportunity. Get 'em while you can! $ASST

"Is it not absurd, that the laws, which detest and punish homicide, should, in order to prevent murder, publicly commit murder themselves?" -Cesare Bonesana-Beccaria (1764), Chapter twenty-eight of On Crimes and Punishments

Over the most recent thirty days of data, the national debt has been growing at a rate of one bitcoin per second.

₿itcoin is the hurdle rate. $ASST @HurdleRatePod

Q: What was more useful than the first telephone? A: The second telephone.