MicroStrategy's $80B Bitcoin arbitrage
The guest described a classic arbitrage opportunity in late 2024: being long Bitcoin and short MicroStrategy stock, as the company's market cap traded at an $80 billion premium to the value of its Bitcoin holdings.
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The story so far
- MicroStrategy's capital structure and reserve recoveryUNCHAINED
- Boring value stocks should adopt Bitcoin treasuriesUNCHAINED
- MicroStrategy capital structure failure riskTHE POMP PODCAST
- MicroStrategy's flawed Bitcoin balance sheet modelTHE JULIA LA ROCHE SHOW
- MicroStrategy stock vs holding Bitcoin directlyWHAT BITCOIN DID
- MicroStrategy's $80B Bitcoin arbitrage · THIS IDEAPROF G MARKETS
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD