{"id":650158,"date":"2024-11-22T11:33:58","date_gmt":"2024-11-22T16:33:58","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=650158"},"modified":"2024-11-22T11:35:17","modified_gmt":"2024-11-22T16:35:17","slug":"treasury-company-bitcoin-reactor","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/11\/22\/treasury-company-bitcoin-reactor\/","title":{"rendered":"Treasury company bitcoin reactor"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">100 vol<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sell the vol, recycle back into Bitcoin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2x Bitcoin, 2x vol.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spread, BTC spread<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4.6B ATM, $3B,<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">60%, 90% BTC spread<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">80% BTC spread<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Levered Bitcoin position<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It won\u00e2\u20ac\u2122t go down<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BTC will not go to $0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buy equity we want 2x bitcoin, 2x volatility<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5.4B in<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$500M a day<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Million time a minute! ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most profitable in the USA, fastest growing company<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Question of leverage?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20x buy faster than available supply<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1x<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$10B a capital, still make money off the arbitrage<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We make 10x that! ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$3B , or make $30B in convertible bonds<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$35B of <em>permanent<\/em> capital<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<br>overnight deposit<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cannot create duration and exploit invest at 60%, borrow at 0%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buy your own stock?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buy our convertible bonds, downside protection , $500M in a 20 minute meeting<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3 choices<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buy MSTR CONVERT<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2x Bitcoin is MSTR<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">55% premium, 5 years , 0%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5 converts in a single year<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I love the battle!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$1M a coin next year?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$29ARR, 60% ARR, to 20% ARR, 60 vol to 25 vol,<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Head wind into tail wind! ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Always be the stronger capital asset<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">..<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$13M a coin by 2045,<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MicroStrategy is powered by its <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> treasury operations. We sell volatility through our ATM offerings, strip BTC risk, volatility, and performance from our fixed-income securities, and transfer that performance to our <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> equity holders. <a href=\"https:\/\/t.co\/QedCazsrsN\">pic.twitter.com\/QedCazsrsN<\/a><\/p>&mdash; Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1859958862260121861?ref_src=twsrc%5Etfw\">November 22, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Saylor as the only man with balls!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Stomach the down runs!<\/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\">$13M a coin &#8212; \u00ef\u00bf\u00bc every bitcoin you don\u00e2\u20ac\u2122t buy today will cost you $13 million a coin in 21 years. \u00ef\u00bf\u00bc<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Take the sure gains<\/p>\n","protected":false},"excerpt":{"rendered":"<p>100 vol . Sell the vol, recycle back into Bitcoin . 2x Bitcoin, 2x vol. . Spread, BTC spread . 4.6B ATM, $3B, . 60%, 90% BTC spread 80% BTC spread . Levered Bitcoin \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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-650158","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\/650158","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=650158"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/650158\/revisions"}],"predecessor-version":[{"id":650160,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/650158\/revisions\/650160"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=650158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=650158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=650158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}