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.
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