Maestro della Moneta

I don't want to do anything. It’s accounting standards.

As far as net income numbers, that’s due to old FASB accounting standards around digital assets. Theyve been updated and that will effect Q1 2025. https://dart.deloitte.com/USDART/home/publications/deloitte/heads-up/2023/fasb-issues-asu-crypto-assets# The current valuation is based more on the assets they hold and what they're doing with them. The biggest effect of the new standards will be Bitcoin appreciation marked as net income. I believe positive net income is the only thing holding back MSTR from S&P 500 inclusion, later Nasdaq 100 inclusion. Then you will all become passive Bitcoin hodlers via SPY and QQQ. Congrats Captain!

Sigh

It's ok. I'm aware that you don't get it. It does give me a small amount of satisfaction knowing that the lamest posters on here will be among the last to get it, and it will benefit them the least. The game theory will play out over time. The earliest corporate adopter is the best performing stock on the planet the last 4 years. The earliest sovereign adopter has seen a resurgence. I'm sure multiple sovereigns already are privately. Next, you'll see outperformance by the pensions and other funds that have invested in the etfs. These things will all eventually be followed by others. And on it goes. It's a self-fulfilling prophecy. And you'll still be claiming there's nothing THERE!

Pretty simple. It's a long term store of value, like gold. As monetary units are debased, it will go up given the 21 million coin cap. How useful is gold as a currency? Is it used in any payment systems? Also, going back to Microstrategy. What they are doing and attempting to ramp up is really fascinating. A very compelling long term opportunity for people with money trapped in 401k or other accounts. Michael Saylor explains in great detail in the most recent earnings call starting at 28:00. Explore MicroStrategy's Investor Relations: Stay Informed on Financial Performance and Corporate Governance Tl;DR The financial products that can be provided to market based on their bitcoin holdings are actually accretive to shareholders. If you look at it as earnings, the amount of value they're creating is substantial. Let's say they hit the middle of their "BTC yield" target for 2025 at 8%. Based on holding 252,000 BTC currently that would be about 20,000 BTC accretive to shareholders. At today's prices that's $1.4B annually. But they will also be adding BTC intermittently via selling equity that adds to their base stack. These numbers will get big. While selling equity in almost any other case is dilutive and knocks down the share price, it's telling that they announced the largest ever ATM equity offering and the stock is up. As he mentions, when they raise capital they deploy it and can get returns in 5 days, not 5 years.

Microstrategy earnings today. Big announcement. Over next 3 years. Their “BTC yield” forecast raised. Shit’s gonna get wild.

Oh

First of all, congrats to all the hodlers This makes sense to me along with bonds being sold. Agreed Say no more, fam. What kind of legislation would serve that purpose? By the time something like that is considered, the cat may already be out of the bag.