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JD2d ago
That's too contrite. Mstr doesn't *just have money. They have debt. And bitcoin. And outstanding shares... and could issue more shares to raise money. Money is purchasing power, or leverage and my question is what do they intend to do with that. Many public companies, at some point, have had a shot tonne of cash and purchasing power. But without a, pun intended, strategy, end game or management... It can easily blow up.
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Harpo1d ago
oh it can! It totally can. I don't think it will any time soon though. I should add that personally I don't have any of their shares - I just stack sats myself. But if I lived in USA, I'd most likely have their shares.. As for your last question.. I can guess here (because I'm not him and can't say what is hype and what is true), and I'd say it's very similar to many similar companies which are doing the same, but with dollars and thus much higher long-term risk (in my judgment). But as I said.. I'd be guessing about what he really thinks here. He's however very good at explaining it himself in one of the recent podcast episodes with Natalie Brunell. I'd link it here but don't have it my disposal on my desktop. It's on Fountain.
0000 sats