$MSTR explicitly stated in their filing that the proceeds would be used to buy $BTC, while $COIN's purpose is to pay down debt. $COIN issued $1bn in converts, criticized for taking advantage of an overvalued stock price.
new grift just dropped https://t.co/gmDGb1CY0f
$coin issued $1bn of converts it didn’t need to issue, while taking advantage of an overvalued stock price Similar to $smci issuance when it broke $1,000 These corporate treasurers know what they are doing
Public company issues basic convertible debt for general corporate matters Coindesk: "Look at them learning from Michael Saylor's segregated BTC backed convertible baskets!" https://t.co/UfpYEs6Dph
$MSTR explicitly disclosed their proceeds would be used to buy $BTC (7 mentions in their 8K) $COIN is disclosing that the primary purpose is to pay down debt (0 BTC mentions in their 8K) This is NOT the $MSTR playbook. https://t.co/r5poOPRXpS
$MSTR explicitly disclosed their proceeds would be used to buy $BTC (7 mentions in their 8K) $COIN is disclosing that the primary purpose is to pay down debt (0 mentions in their 8K) This is NOT the $MSTR playbook. https://t.co/r5poOPRXpS
Grift continues $COIN $1B convert https://t.co/n9VPTj7Txk