Ben Briggs
@Rex_Finance • 11,625 subscribers
“RexFinance” | Senior Financial Analyst @CleanSpark_Inc | 25 Year-Old Investor | Football & Basketball Coach | Child of God
Videos
If you only ever hear one thing that I say, let it be this: INVEST LIKE A FARMER. 👨🏻🌾 1. Farmers don't yell at their crops and remove them when they don't think they're growing fast enough. So, don't yell at your stocks and sell them when they're not going up fast enough. 2. Farmers don't remove their crops before they've even had a chance to produce something. So, don't sell your stocks before they've had a chance to produce something. 3. Farmers don't sell to their maniac neighbors who offer them less and less every week for their plot of land that they believe has tremendous potential. So, don't sell your stocks to someone else who says they're not worth what you believe they're worth. To beat Wall Street, you must stay disciplined and have incredible patience. There will be rough seasons - all you can do is be prepared for them. A single kernel of corn turns into 600 kernels of corn with enough nurturing, patience, and discipline.
RexFinance (Ben Briggs)96,050 Aufrufe • vor 1 Jahr
$MSTR MicroStrategy: A Pyramid Scheme Lying To Investors? (Part 2) As of 9/30/2024, MSTR had 252,220 BTC on their balance sheet and 235,100,000 shares outstanding. ➡️This equates to .0010728 BTC /share. On November 20th, MSTR decided to raise $2.6B via convertibles, which is enough money to buy 25,490 new Bitcoin. For the convertible, the conversion price was set at $672.40 and the conversion ratio was set at 1.48. This means upon conversion, 3,866,720 new shares will be issued and outstanding. ➡️With full purchasing power, these investors should be entitled to 3,866,720/25,490=.0065922 BTC /share, as this was their contribution to the balance sheet. ➡️However, following the deal, the "New MicroStrategy" now has 277,710 Bitcoin on their balance sheet and 238,866,720 shares outstanding, which equates to just .0011621 BTC /share (a far cry from what they're entitled). ➡️These investors took a loss up front on their purchasing power (down to .0011621 BTC /share) because of "intelligent leverage," or the thought that more capital would come in after them and prop their own BTC /share up. After all, the holders of MSTR stock on 9/30/2024 saw an 8.32% increase in their BTC /share as a result of this financing round. Now, let's say MicroStrategy repeats this financing round. $2.6B in convertible debt that converts into 3,866,720 shares. ➡️Skipping the math, (for the same amount of financing) shareholders only saw a 7.44% increase in their BTC /share this time, which now sits at .0012486. ➡️This demonstrates that MSTR needs larger and larger financing rounds (endless funding) to prop up BTC /share, or their financing deals will keep making a smaller and smaller impact and investors will never reach the BTC /share that they're entitled to. 💥For exposure to MSTR's Bitcoin to be worth it, you need your BTC /share to rise from the current .0012486 to .0065922 (a 427.96% increase) or higher. Otherwise, you'd be better off buying your own Bitcoin because you'd own more if it in your pocket than you would in MSTR's balance sheet. Bull or bear market, there are better options for Bitcoin exposure right now. If any $MSTR bull wants to have a civil discussion about this, I'm open to it. I'm open to new thoughts or being proven wrong. But, I'm tired of the power trips and people degrading me as a human simply because I have an alternative thesis to theirs. My DMs are open.
Ben Briggs64,212 Aufrufe • vor 1 Jahr
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