{"id":617497,"date":"2024-05-01T12:54:47","date_gmt":"2024-05-01T16:54:47","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=617497"},"modified":"2024-05-01T12:54:54","modified_gmt":"2024-05-01T16:54:54","slug":"digital-property","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/05\/01\/digital-property\/","title":{"rendered":"Digital Property"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Dutch auction <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$121-122&#8211; buy out at 140<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20 days<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy &#8211;&gt;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Square bought Bitcoin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2020&#8211;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Convertible bond<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">200-300\u00e2\u20ac\u2122s<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$650M bond<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">75 basis points \u00e2\u20ac\u00a6<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Borrow money at less than 1% interest<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">45% compounded \u00e2\u20ac\u00a6<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">40%+<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Volatility doesn\u00e2\u20ac\u2122t really matter until due end of term<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$1000 a share<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$600M<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Oversubscribed<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Double your money<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$1B<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coupon was zero &#8212; billion dollars of money for free for 5-6 years<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nobody gets rich by holding cash<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin Company ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Opportunistic<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More opportunism<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin strategy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin roller coaster<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">How can we buy more bitcoin?<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buy Bitcoin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">7-800$ a share<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Premium to develop<br>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Build the capital base<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dozen transactions<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2023<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin Dividend<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ETF got approved<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trading at a premium<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Borrow against your own stock, leverage the stock, option the stock &#8212; put and call.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Massive volatility<\/li>\n\n\n\n<li>Liquidity &#8211;> trade in the spot market , hedge your exposure<\/li>\n\n\n\n<li>Durability or transparency &#8212; will continue &#8212; wont go on for years and years<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credible, durable \u00e2\u20ac\u00a6 transparent strategy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin 75&#8211; maximum volatility &#8212; 120-140 volatility points<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Black shawls equation &#8211;&gt; more volatility better options<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Issue convertible debt<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We want exposure<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Liquidity, and also\u00e2\u20ac\u00a6 options. Optionality .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Predictable<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You\u00e2\u20ac\u2122re buying it at reverse<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cheapest financing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Less than 1% interest unsecured<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gold wrap car?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Option \u00e2\u20ac\u00a6 more optionality<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Afraid of the future?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Predictable is terrible for options market and traders<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Paradigm shift &#8211;&gt; digital commodity not a physical commodity &#8211;&gt; digital energy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commodity into scarcity \u00e2\u20ac\u00a6 21M cap.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other commodities are infinitely producible<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u00e2\u20ac\u2122t use oil as treasury reserve asset<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Scarcity<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20-50% Bitcoin appreciation<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Quadruple<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beat the cost to capital<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Accretive<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$15B of Bitcoin on balance sheet<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">21M * 60,000&#8211;&gt;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Billion dollar swing on the weekend<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Crypto ossilator engine<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The whole crypto<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Crypto engine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dutch auction $121-122&#8211; buy out at 140 20 days Strategy &#8211;&gt; Square bought Bitcoin 2020&#8211; Convertible bond . 200-300\u00e2\u20ac\u2122s $650M bond . 75 basis points \u00e2\u20ac\u00a6 . Borrow money at less than 1% interest \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-617497","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/617497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=617497"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/617497\/revisions"}],"predecessor-version":[{"id":617498,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/617497\/revisions\/617498"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=617497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=617497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=617497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}