The premium for #Microstrategy shares is ~2.7x right now

I want to explain what this means in very simple terms:

Every time $MSTR issues NEW shares, investors buy those shares and give MSTR 2.7x the value of what they're getting in return

MSTR receives 2.7 #Bitcoin worth of cash

MSTR gives out 1 #BTC worth of shares

MSTR buys 2.7 BTC

MSTR holders receive a Bitcoin yield because over time their shares will be "BACKED" by more Bitcoin

Each share will represent more Bitcoin as long as MSTR can continue doing this

Shares can be printed at will as long as MSTR can find buyers

At the same time, because MSTR is buying Bitcoin and locking it away, the price of Bitcoin goes up

MSTR can do this forever because Bitcoin's price will rise forever

@ryQuant @PunterJeff 

Does this make sense?

@dotkrueger can you poke any holes in this strategy?
#Microstrategy #MSTR #Bitcoin