Big breaking
#Bitcoin
news!
@Michael_Saylor
's $MSTR just filed for a stock offering in order to acquire more of the cryptocurrency
The traders debate how that move could affect shares going forward
@CNBCFastMoney
@michael_saylor
Of all the corporate activity Michael Saylor has been pursuing, issuing equity at prices well above the implied value of his Bitcoin holdings + software value is by far the smartest. Taking advantage of retail investors who have no concept of fair "value"
@CNBCFastMoney
@GoingParabolic
@michael_saylor
Pay attention folks. A decade from now they’re going to stop calling him (and every hodler) “reckless”, and instead start calling him/us “lucky” when hyper-btc-nization occurs. There’s nothing LUCKY about this, this is the most rational move in an irrational marketplace
@CNBCFastMoney
@michael_saylor
“He’s been right so far”
Easy when you know the future value of an “as yet to be fully priced” asset.
Easy... but not without some white knuckle moments. Takes big brass.
@CNBCFastMoney
@michael_saylor
Why not build the microstrategy blockchain ecosystem ? The idea would be to build and fund new blockchain initiative geared towards new usage