Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
⭐ Merited by JayJuanGee (1)
The only way you can interpret the MSTR price is through the following graph:
Sorry, this graph hasn't been added to the spreadsheet yet.
This graph shows the number of satoshi held in a single Microstrategy share. It's clear that this number has been constantly growing over the last few years and accelerated after the announcement of Plan 42.
Saylor has steadily increased the number of Satoshi per share over the last few years, returning the investor to a positive BTC yield.
An ETF would instead deliver a negative BTC yield, as the ETF would gradually reduce your shares per share because of the fees to be paid.
If you get a 40% yearly yield, like this year, you can justify a premium of 2.25 with roughly 3.2 years of such a positive BTC yield!
Sorry, this graph hasn't been added to the spreadsheet yet.
This graph shows the number of satoshi held in a single Microstrategy share. It's clear that this number has been constantly growing over the last few years and accelerated after the announcement of Plan 42.
Saylor has steadily increased the number of Satoshi per share over the last few years, returning the investor to a positive BTC yield.
An ETF would instead deliver a negative BTC yield, as the ETF would gradually reduce your shares per share because of the fees to be paid.
If you get a 40% yearly yield, like this year, you can justify a premium of 2.25 with roughly 3.2 years of such a positive BTC yield!