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- Strategy raised about $2 billion on common stock in one week. Per @PunterJeff on the show, they got to 0% net leverage. They also opened a separate dollar account, apart from the USD reserve. That cash can go to retiring convertible debt or buying Bitcoin on a dip. Their trading
- $ASST has jumped 230 companies in the US market cap rankings over 6 trading days. @PunterJeff says the market cap is at an all time high for the company. Every share issued lifts the market cap, and the market cap sets the weight in index funds. Here's the part that gets
- 5,798 companies trade on the Nasdaq and the NYSE. 805 have a second listed security. 14 of those can issue new shares straight into the market on both. 2 of the 14 are backed by Bitcoin: Strategy and Strive. The same 2 are the only ones running share programs over $1 billion.
- Matt Cole doesn't think the last Bitcoin bull market was real. @Werkman gave him 2 options. Standard 4 year cycle, or a mid cycle pause with a much bigger move still ahead. His answer: the 4 year cycle is broken. Priced in dollars, Bitcoin kept setting records. Measured
