Content
@
0 reply
0 recast
0 reaction
Monteluna
@monteluna
Saylor has realized one of the greatest financial engineering techniques and will likely end up being our generation's George Soros. I have been looking into the trade with Bitcoin, Microstrategy stocks, and the convertible debt offerings and I'm now convinced the low level details of capturing the volatility of stocks is a flywheel that reminds me almost of OlympusDAO, just legal. Simplified: 1. Use cash to Capture upside on Bitcoin. 2. Stock price goes up. 3. Convertible debt offerings get hit and the stock sales bring cash directly to the company instead of trading on the free market. 4. Use the cash to buy Bitcoin. Return to step 1. With the convertible debt serviced at subsidized cost trading it to commercial debt traders who are happy to get *slightly* more than standard market rates, the only suckers at the table are the bond guys, and they're *happy* to get this swap. This will continue to work as long as the bond guys continue to want to be the suckers.
0 reply
0 recast
7 reactions
