Johan on Nostr: That is correct sir. Always a downside. But I think, they think like Saylor. They ...
That is correct sir. Always a downside.
But I think, they think like Saylor. They dilute the shares and want to give more sats per share back for the current shareholders.
If the trade succeeds → they keep the $13.8 million in USD and gain an additional 23.9 BTC.
If the trade doesn’t succeed → the price will be lower, and they will still have to buy the 223 BTC at $62,000. But they probably would have wanted the BTC at this price anyway, and now they’ve gained an extra 23.9 BTC.
Either way, they’re completely fine with the outcome. It's 10,5% more BTC for the current shareholders.
But I think, they think like Saylor. They dilute the shares and want to give more sats per share back for the current shareholders.
If the trade succeeds → they keep the $13.8 million in USD and gain an additional 23.9 BTC.
If the trade doesn’t succeed → the price will be lower, and they will still have to buy the 223 BTC at $62,000. But they probably would have wanted the BTC at this price anyway, and now they’ve gained an extra 23.9 BTC.
Either way, they’re completely fine with the outcome. It's 10,5% more BTC for the current shareholders.