I am trying to establish a baseline of how much bitcoin you buy, by buying a share of MSTR.
I have an IRA and would like to know exactly how much btc per share I am buying by buying MSTR.
I'm opting for MSTR vs GBTC because I have a gut feeling MSTR will not sell their BTC any time soon. I am not going to dump my IRA.
they might be forced to sell. MSTR creates little to zero annual profit compared to marketcap. They are mainly getting more and more debt and buing bitcoin. Now imagine who is the owner of this debt. Who is investing in debt that is being converted directly into bitcoin by unprofitable company. In case bitcoin success its much better to invest in bitcoin rather than corporate debt with 7% interest. If bitcoin fails ... microstrategy wont be able to pay back. The only reason microstrategy is getting cheap debt and someone is buing junk papers is because of TINA (there is no alternative) and corporate debt bubble -
https://bitcointalk.org/index.php?topic=5344525.msg57259351#msg57259351.
In case FED will rise rates to ~10% (its possible, in 1980 they were forced to set rates @ 20% to fight inflation). Who will lend money at 7% to mstr. They will be forced to get it @ 30% or higher not to get founds for new pruchases but to roll over current debt. At this point its ponzi.