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Josh Man

Following0Followers (X)146.22KPosts176Likes35.87K
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Common equity issuance is antithetical to maintaining high Amplification Ratios. Let the flame on those green candles BURN

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Saying you don’t care if a company is selling its own common stock (via ATM) is like saying you don’t care if Satoshi is selling his Bitcoin. @BritishHodl @GrainofSaltSF @CJ_Bitcoin @PunterJeff

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₿itcoin is roughly 21% above its power law floor, and the floor is rising about 2.5% a month. Put that in your pipe and smoke it. Or you could secure permanent, unsecured funding with zero refinancing risk and make interest-only payments with no amortization of principal. But that wouldn't be easy. @Werkman, @PunterJeff, @ColeMacro, @GrainofSaltSF, @BritishHodl, @jameslavish

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Comparing STRD to SATS is no trivial task. STRD is subordinate to all of Strategy's convertible bonds, then STRF, STRC, STRK, and STRE whereas SATS is subordinate only to SATA. And additional issuance of SATA is restricted by price-based issuance rules. $ASST $MSTR

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News Flash: Power Law advocate Fred Krueger examines Bitcoin treasury companies ($ASST) by presenting a single scenario that completely breaks the bottom price threshold of the Power Law.