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1
Posted on 2/3/26 at 7:23 pm to Big Scrub TX
why do you think it is worth a 300% premium? I don’t know much about this company or how it is evaluated. Why would someone not just buy bitcoin direct or a bitcoin etf?
Posted on 2/3/26 at 7:28 pm to PetroAg
quote:You sound late to the thread.
why do you think it is worth a 300% premium? I don’t know much about this company or how it is evaluated. Why would someone not just buy bitcoin direct or a bitcoin etf?
I'm sarcastically tweaking the people who have knighted for this thing over the past several years, always avoiding questions about valuation.
It's NOT worth ANY premium. That's the whole point.
Posted on 2/4/26 at 5:31 am to Big Scrub TX
quote:
Why is bitcoin down so much from its high?
You should be asking why it was 125k to begin with.
You should be asking why it's 75k now.
You should be asking why it has any value at all.
Posted on 2/4/26 at 10:18 am to SoCal Cal
quote:That's the point of the question.
You should be asking why it was 125k to begin with.
You should be asking why it's 75k now.
You should be asking why it has any value at all.
Posted on 2/5/26 at 7:32 am to Big Scrub TX
quote:
quote:
You should be asking why it was 125k to begin with.
You should be asking why it's 75k now.
You should be asking why it has any value at all.
That's the point of the question.
Bitcoin is BS.
There, is that clear enough?
Posted on 5/15/26 at 11:07 am to Big Scrub TX
It's been awhile. How is that "bitcoin yield" holding up for you baws?
Posted on 6/5/26 at 9:46 am to Big Scrub TX
Get yer popcorn. This current meltdown is more fun to watch than the last one. The STRC people that just wanted the safe 11.5% and exposure to BTC are not taking this as well as the hardened degens.
Posted on 6/6/26 at 3:55 pm to lsuconnman
Gold down 20% too. Weird, weird stuff. In the middle of constant headlines about inflation, these two "inflation hedges" are plummeting. Wild. Unpredictable.
MSTR at $120, is forming a triple-hump mega-bottom.
MSTR at $120, is forming a triple-hump mega-bottom.
Posted on 6/10/26 at 2:00 pm to Big Scrub TX
An inflationary war!
Posted on 6/22/26 at 11:35 am to Big Scrub TX
MSTR - $109.70 and sitting on a $9B unrealized loss with a market cap of only $40B.
Someone explain it to me real slow why I was dumb not to scramble to pay 3.5X spot bitcoin price for this excellently yielding (bitcoin yield!) vehicle.
Someone explain it to me real slow why I was dumb not to scramble to pay 3.5X spot bitcoin price for this excellently yielding (bitcoin yield!) vehicle.
Posted on 6/24/26 at 9:57 am to Big Scrub TX
We did it! MSTR fell through $100. STRC headed down to $80. This could be the implosion we’ve been waiting for.
Posted on 6/24/26 at 11:21 am to lsuconnman
quote:You're crazy. The bitcoin yield is going to save people here. Oh, that and the leverage. The leverage and the yield. Your persistent refusal to understand these is pitiful.
We did it! MSTR fell through $100. STRC headed down to $80. This could be the implosion we’ve been waiting for.
Posted on 6/24/26 at 11:36 am to jefforize
quote:
bought the under $400 dip on MSTR this AM. lets go
Posted on 6/24/26 at 12:02 pm to Napolean
quote:he went
lets go
Posted on 6/24/26 at 12:36 pm to Big Scrub TX
But seriously, here's the current setup:
Btc=$50bb
market cap=$33bb
debt=$21bb
ev=$54bb
Only an 8% premium now to BTC spot. It is arguably underpriced given the debt is effectively a call option on the balance sheet.
The prefs have traded down to 80 cents on the dollar, despite there being essentially no covenants. That seems overdone to me. Of course, BTC could keep going down, but even then, there really just are no covenants to force selling. First convert maturity is 2028.
Btc=$50bb
market cap=$33bb
debt=$21bb
ev=$54bb
Only an 8% premium now to BTC spot. It is arguably underpriced given the debt is effectively a call option on the balance sheet.
The prefs have traded down to 80 cents on the dollar, despite there being essentially no covenants. That seems overdone to me. Of course, BTC could keep going down, but even then, there really just are no covenants to force selling. First convert maturity is 2028.
Posted on 6/24/26 at 2:22 pm to lsuconnman
quote:Are you short? If not, why are you waiting for the implosion if you don't stand to gain?
We did it! MSTR fell through $100. STRC headed down to $80. This could be the implosion we’ve been waiting for.
Posted on 6/24/26 at 2:26 pm to Big Scrub TX
I'd say that if there was ever a time where the upside exceeded the risks, now would probably be very close to that time.
Quite the doozy of a drawdown over the last 18 months. Not quite as bad as the ride from 2021 to 2023 though
Quite the doozy of a drawdown over the last 18 months. Not quite as bad as the ride from 2021 to 2023 though
This post was edited on 6/24/26 at 2:28 pm
Posted on 6/24/26 at 3:10 pm to TigerTatorTots
quote:If BTC keeps going down, it will become a very levered entity, possibly trading at a "discount".
I'd say that if there was ever a time where the upside exceeded the risks, now would probably be very close to that time.
Quite the doozy of a drawdown over the last 18 months. Not quite as bad as the ride from 2021 to 2023 though
I'd say that happens around $50. At that point, it could actually be asymmetric in your favor (as opposed to the preposterous times it was trading 3-4X BTC spot with almost no leverage. Seriously, how could any person have convinced themselves to buy at those times?)
Posted on 6/24/26 at 3:30 pm to Big Scrub TX
Eh, next stop is to suspend dividends. The final phase will be to blowout a new class of shares ATM that actually uses the BTC as collateral. Then they’ll just leave common shareholders in the wind.
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