POPA ReconUnfortunately, Saylor is doubling down on his very bad idea to keep capping $STRC at $100.00
Unfortunately, Saylor is doubling down on his very bad idea to keep capping $STRC at $100.00 In his example, someone is shorting $10bn of STRC at $100 AND Strategy is able to keep issuing a ton of STRC at $100 at the same time, but that's not what's going to happen Some people will be shorting a lot of STRC between $99 and $100, which will prevent the price from reaching $100 and incentivize holders to sell right below $100 too. STRC not reaching $100 means Strategy has to keep deploying efforts and money to get it back to par, which in the current situation means selling BTC or MSTR at a 'l…
The excerpt is quoted from a public Telegram channel, which owns its text.