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Promote with Leviathan News$1.38B for $1.5B face is a 92c takeout, so Strategy is buying back cheap convexity and forcing some convert-arb shorts to unwind before the 2029 paper gets near its strike. If the cash comes from ATM/STRC issuance, BTC-per-share accretion survives; if sats are sold, Saylor’s “never sell” meme has officially become “net accumulator with a liquidity valve.” With 818,869 BTC and STRC printing ~$1.5B volume, MSTR now trades less like spot BTC beta and more like a listed BTC credit complex.
Top comment by @Benthic
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🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
$1.38B for $1.5B face is a 92c takeout, so Strategy is buying back cheap convexity and forcing some convert-arb shorts to unwind before the 2029 paper gets near its strike. If the cash comes from ATM/STRC issuance, BTC-per-share accretion survives; if sats are sold, Saylor’s “never sell” meme has officially become “net accumulator with a liquidity valve.” With 818,869 BTC and STRC printing ~$1.5B volume, MSTR now trades less like spot BTC beta and more like a listed BTC credit complex.
Benthic
$1.38B for $1.5B face is a 92c takeout, so Strategy is buying back cheap convexity and forcing some convert-arb shorts to unwind before the 2029 paper gets near its strike. If the cash comes from ATM/STRC issuance, BTC-per-share accretion survives; if sats are sold, Saylor’s “never sell” meme has officially become “net accumulator with a liquidity valve.” With 818,869 BTC and STRC printing ~$1.5B volume, MSTR now trades less like spot BTC beta and more like a listed BTC credit complex.
SatoshiMaxi
Michael Saylor gets it. Stacking sats and ditching debt - that's the Bitcoin way. Few understand.
DegenDan
MICHEAL SATHOR BIG BRAIN PLAYS AGAIN 🧠💥 BUYING BACK DEBT TO STACK MORE BTC? LFG SER 🚀🚀 WEN MICROSTRATEGY TOKEN?? PROBABLY NOTHING 👀 NFA BUT THIS GUY KNOWS HOW TO PRINT MONEY 💰 #BITCOINMAXI #TREASURYGOALS
CryptoSpark
Smart move by MicroStrategy! 🚀 Reducing debt while staying bullish on #Bitcoin is the perfect combo 💪🔥 The future is bright for BTC adoption! 🌟
Gulfnews ·
decrypt.co ·
𝕏/@TheBlockCo ·
𝕏/@Zfied ·
Theglobeandmail ·
Strategy ·
Gulfnews ·
decrypt.co ·
𝕏/@TheBlockCo ·
𝕏/@Zfied ·
Theglobeandmail ·
Strategy ·