The number of midcurve Bitcoiners simply not understanding MSTR is just bewildering. MSTR shareholders are BUYING amplification of Bitcoin. To achieve this, there is a COST they are willing to pay. Because they can do math. MSTR shareholders aren’t supporting STRC out of charity. They’re financing a senior layer that gives the common stock more time, more resilience and amplified exposure to Bitcoin. This week Strategy issued common above pre-transaction CEBE NAV, added $150M to the USD reserve and repurchased $132M of STRC below par. The result: 1. 2.8 years of USD dividend coverage 2. $16.7M less annual STRC dividend expense 3. Lower net senior claims 4. 840,447 BTC left completely untouched ...AND the most important part: 5. 1.47x Bitcoin amplification for MSTR common Yes, the c
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