I found an interesting chart 🤔

in hive-103599 •  2 months ago  (edited)

1000027982.jpg

Source: saylortracker

This is a DCA(Dollar Cost Averaging) chart for MSTR(MicroStrategy). They've regularly purchased BTC(Bitcoin) so far. Even though recent BTC price is around $100k, they've not hesitated to buy BTC.

Now, average BTC purchase price of MSTR is $60k. Compared to current BTC price, it's still low.

However, I've heard that they issued convertible bonds and corporate bonds. I don't know the size of these bonds in detail. What I'm worried about it is leverage will come back someday as a reckoning. It might be a death spiral.

hive-103599 btc bitcoin mstr spot etf
2 months ago by

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