In this episode, Dylan LeClair joins the show to discuss MicroStrategy’s Bitcoin strategy, the insane performance of its convertible notes, and its $42 billion capital plan. We also discuss how to value MicroStrategy, the company’s liquidation risk, how other companies can replicate its strategy, and much more. Enjoy!
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Timestamps:
(00:00) Introduction
(03:19) MicroStrategy’s Bitcoin Strategy
(09:41) Who Is Buying MicroStrategy?
(14:24) How To Value MicroStrategy
(16:02) FASB Regulation Change
(19:05) MicroStrategy’s Dilution & NAV Premium
(21:49) MicroStrategy’s Convertible Notes
(24:14) MicroStrategy’s $42 Billion Capital Plan
(27:14) Why Is This Strategy Accretive to Shareholders?
(30:48) Advertisements
(32:45) Impact Of The Capital Plan
(36:11) MicroStrategy Risks
(44:07) Replicating MicroStrategy’s Strategy
(49:09) Crypto Market Outlook
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
