2% is a rounding error
I have a solution for 98% of your problems
ADD the heat!
.
1-2%, 20-50, 75% is solving the problem
.
Don’t know the answer, don’t want to make a mistake
Don’t diversify
Don’t diversify the steel into balsa wood
.
Don’t diversify materials ,, not aluminum, don’t diversify
If there’s the answer, you tell the answer.
I don’t 98% don’t believe in it
.
3-4 years later
400,000 BTC, $58k or so average cost
Investing for the future or investing for now?
.
0 options, stock is worthless no investor interest
Competitor trap
4% $500M cash
Magnificent 7 stock double
.
Human capital
Engineers
Fast death sell company , 99%
All 100 competitors sell selves,
Slow death
.
Go through the cash?
(Digital), cyber cash is king!
.
Take a risk
.
Transformational risk
20-40% VMWARE. buy cash or stock, new lease on life?
.
Monster company you can buy?
$500M cash, liability?
.
Looks like Facebook for money
Big tech monster network for money
.
$500M acquisition of bitcoin
60% growth
.
Strategic Hail Mary
$6 a share enterprise value after 30 years of life
Convertible bond market, $650M for free ! .75%–> invest in it more than 1%!
Billion for $0
6%, loan at 60, catch 54% –>
ATM, sell equity in the market –> … Capital market , atm … same footing as anyone else, sell $100M equity
Infinite money more than S&P
$10B capital raise
10-20x stock up
2024
Colorful
.
Debt, refinance debt, do it in accretive way.
The value of volatility
.
Liquidity q1, q2… volatility trader hop off Bitcoin mining strategies, to MSTR
option interest exploded, option markets exploded
95B options market
Strategic opportunity
Permanent Capital with leverage
75 vol, uncertainty … Bitcoin is 60 vol
80 vol
Execute option, move to 90-100 vol
120 vol, double Bitcoin equity **
15 arr, 15 vol
100-120 vol, 100-120% ARR
.
OPTION trader, hot money
.
Call rate
15% sell 30 day call at market.
Ibit , 100% interest month
MSTR 220%, hold the share option rate
.
Levered flywheel , already 4x as S&P
Liquidity and options explode
Convert bond back to back two weeks
.
Groove
Market will rally around leader
Lead in decisive way
Don’t sneak around opportunistic don’t hide and wait
Rockefeller . Did in cash, borrow money and pay cash. Standard oil stock, issue more stock
Built Florida with standard oil stock
Trusts you, rally behind you
.
40 consecutive bitcoin purchases
Bitcoin development company !
650M arbitrage 4%, bitcoin dividend keep on balance sheet re invest it
.
Issue 21B equity and fixed income 21B, corporate bonds ….
Massive premium to capture yield, de-lever
Stock trades up
Outperform ***
.
Just keep doing this!
.
Red sweep
$10B in 4 years
Markets learn to trust us!
.
Convertible bond markets , partners
.
Not hedge it, steal your trading opportunity
$500M order
Trust
13.5B in 4 weeks
Not GAAP accounting
50 year capital markets
0 vol 0 arr,
Bitcoin standard 60 vol 60 arr against dollar
.
Accounting traditional … metrics?
BTC spread, gain yield.
New Metrics
.