MSTR If MSTR really wanted to unlock shareholder value, they should buy back their own stock leveraging the price accumulation from BTC from each ATM sale.
Here is how: For each ATM offered, a 15% price increase in Bitcoin would trigger a repurchase of the ATM shares plus an additional 5% shares from the open market.
Their treasury would still net accumulate BTC over time, and shareholders would only temporarily be diluted until the trigger was hit and then the dilution goes away plus 5% extra shares get retired. Net BTC owned per shareholder increases with each ATM retirement and the price of MSTR goes up exponentially.
Using a 10M ATM each week and an average CAGR of BTC at 30%, 10.5M shares would begin being repurchased every week starting after 28 weeks (15% BTC price appreciation time period).
This would retire 75% of all outstanding shares in about 8 years and still more than double their BTC treasury holdings.
Here is the fun part: With 75% of shares retired, shareholders would own 0.0232 BTC per common share, up from 0.00171 BTC per share today.
If BTC price can achieve a 30% compound annual growth rate for 8 years, which many analysts predict, that would make the value of each MSTR share at the end of 8 years and unbelievable $37,839 per share (if the current 2:1 NAV premium holds).
There would be no need to issue debt to buy BTC and shareholders would no longer be getting diluted out of gains each week.
MSTR If MSTR can’t get back above $400 and hold, then it’s not a bull market—plain and simple. The buy side really needs to step up and prove it. Otherwise, the bears are gonna have a big win after a month lol
BTCUSDMSTRCOIN Observe how GOLD continues to soar to record highs on 'Safe Haven' demand, while BITCOIN plummets on 'Risk-off' fears. The market couldn't be clearer: it's time to distinguish between educated investing and reckless gambling!