3 ms·
Because MSTR has two legs to the trade: BTC returns + NAV premium/discount. It is a better trade if the premium continues to rally. Otherwise it’s a worse trad
by qeternity 2y ago
Because MSTR has two legs to the trade: BTC returns + NAV premium/discount.
It is a better trade if the premium continues to rally. Otherwise it’s a worse trade.
- TZubiri 2y agoI think some boomers would prefer to invest in a company which holds btc, or fund, and pay a premium not to touch it directly. Premium goes to techies and lawyers and stuff.
- steveBK123 2y agoOverpaying because you expect less savvy people to overpay you more when you exit is not a sound investment thesis.
- TZubiri 2y agoNot less savvy, more savvy. Boomer does not know about bitcoin wallets. Engineer at MicroStrategy does.
- qeternity 2y agoThere are numerous ETFs which hold BTC. This is not why money is flowing in to MSTR.
- steveBK123 2y agoSo overpaying vs NAV because in hope the next greater fool with overpay NAV by even more. Nice.