I’m definitely a fan of the show though, always tuning in or watching the replays.

yes — I feel like a lot of the opinions are mostly negative, with the exception of Walker, which is fine. It’s just funny how every episode it’s the main topic with a big scary thumbnail

this is basically an MSTR hate podcast🤣 they will be fine!

we’re cooked

feels like magic every time

I think if they actually acquire Strike it’s a whole new ballgame. Block trades at like an 80 mnav lol

what does that even mean lol

https://open.spotify.com/track/6lFZbCc7pn6Lme1NP7qQqQ

I think the way he changed the definition of mNAV so that he can sell MSTR ATM and dilute BTC per share but still call it “accretive” is a main driver of the MSTR mNAV going to 0.66. The assumption was always that he’s going to dilute MSTR but only when it’s accretive for BTC per share. Now he just drunkenly hammers the MSTR ATM even when it is dilutive on a BTC per share basis so he can stack more bitcoin on the balance sheet to improve the “credit quality” of the preferreds. Everything has gone to shit since he used ChatGPT to issue the preferrds.

this is like Peter Schiff posting the bitcoin chart, bookmarking and we can revisit in the bull market

how about instead of vilifying these people, we hold them accountable for their crimes.