jasontheoriginal on Nostr: I feel like people that think they are smart in finance are really idiots. On sunday ...

I feel like people that think they are smart in finance are really idiots. On sunday a guy that is a finacial advisor or some shit was talking about investments while I was golfing. I was like I'm good I just save all my money in BTC and it works for me.

He's like "Microstrategy is going to have to sell 2.5 billion in BTC to pay off the notes that they sold to buy bitcoin and that will have a drag on BTC price." I was like no dude it's all convertible notes. They won't have to pay anything on them. He looked at me confused. I'm like people can convert the note to stock for a pre agreed upon price if MSTR is over that price at expiry they sell 0 BTC. I could tell he didn't even know what I was talking about but he said they will have a real issue being over those strike prices. I was like ok. I doubt it because it is just the price of stock at the time off issuance x the % the notes pay out. But ok.

To be honest I didn't know the expires or strike prices. Looked it up today.

1. $650 Million Notes (2025)
Adjusted Conversion Price: Approximately $39.80 per share
Maturity Date: December 15, 2025
2. $1.05 Billion Notes (2027)
Adjusted Conversion Price: Approximately $143.25 per share
Maturity Date: February 15, 2027
3. $500 Million Notes (2028)
Adjusted Conversion Price: Approximately $158.19 per share
Maturity Date: February 15, 2028
4. $400 Million Notes (2029)
Adjusted Conversion Price: Approximately $123.60 per share
Maturity Date: December 15, 2029

The high today was $151.87. BTC got some work to do by feb 15 2029! 😆