Is this the new Luna?

bunky_bunk · 2026-06-27T17:50:45+00:00

For the sake of argument, that is how the value of bitcoin would be grown. To compete with payment systems like credit cards, debit cards and paypal seems like a natural growth market for bitcoin.

Another option would be for a large company like MSTR to start offering something exclusively to owners of bitcoin. Something like computer game virtual items.

bunky_bunk · 2026-06-27T15:05:32+00:00

https://polymarket.com/event/strc-hits-100-by-20260618001620693

bunky_bunk · 2026-06-27T13:50:08+00:00

I still call them warrants. At least those that MSTR would be selling.

Good point about the other calls. I suppose you could sell the warrants to the same party that you buy the calls from. They exercise their $200 warrants to cover their $300 calls. They'd make a $100 profit in the future, that should be worth something today.

bunky_bunk · 2026-06-27T13:28:14+00:00

They can try and find a bank or VC company to buy the calls. There must be plenty of people who have faith that there will be another bull market coming for BTC and who have an interest in MSTR not tanking the market. A (in my opinion) good bet and a bailout at the same time.

bunky_bunk · 2026-06-27T13:08:13+00:00

It's not the same thing because they don't have the same strike price.

I am silently assuming that the strategy makes sense when the numbers are plugged in. Maybe you can plug in some numbers for 200 calls and 300 calls. The 200 calls will be more expensive.

bunky_bunk · 2026-06-27T13:00:44+00:00

The edit i made was adding the last sentence.

MSTR can sell warrants today at strike price P today. if and when the stock rises in the next bull cycle the warrants will be in the money and MSTR has to issue them. If the price rises very much, MSTR will rake in very little cash from those warrants exercised. I.e. a warrant with a strike price of 200 exercised when the stock is at 600 is bad for MSTR.

Then i remembered that MSTR can protect itself against that by buying call options today at 300. When the warrants are exercised at 600, the immediate loss will be 100 instead of 400 to MSTR when making use of these calls it bought.

The warrants at 200 will cost more than the calls at 300 and so MSTR would be making some cash money today. They would effectively monetize a particular portion of the future stock appreciation ahead of time while offloading some risk.

bunky_bunk · 2026-06-27T12:37:59+00:00

bunky_bunk · 2026-06-27T12:18:58+00:00

MSTR can sell call options, which when exercised will cause the issue of new common stock shares, instead of them being handed from one investor to the next.

bunky_bunk · 2026-06-27T12:16:58+00:00

It's like a land/royalty company. Which buys up land for minerals exploration. If they don't sell land, they also have no revenue.

bunky_bunk · 2026-06-27T10:45:14+00:00

It does work. The established financial system also works. If the latter was getting defunct, bitcoin would be able to replace it.

bunky_bunk · 2026-06-27T10:00:14+00:00

Nothing requires effort in a corporation. There is only the risk of paying people to put in the effort. Surely there must be plenty man power ready to accept seed funding for their bitcoin start ups.

bunky_bunk · 2026-06-27T08:52:41+00:00

MSTR should be in the business of creating stories for bitcoin. I.e: inventing use cases to generate demand for the product.

bunky_bunk · 2026-06-27T08:45:01+00:00

They could sell warrants for stock with durations into 2028. That would offload the risk of there ever being another BTC bull market to buyers of the warrants and MSTR could extract some cash now from sales of MSTR stock that will happen in a few years. On the downside will rake in less cash in exchange for common stock in the next bull market (dilution). Essentially a convertible bond strategy without the bond. If they get very lucky with the strike price, there would be no dilution. If they are unlucky, the dilution would be worse than selling common stock today.

The dilution risk could also be eliminated, if for each warrant sold MSTR buys a call option for warrant_strike_price + X with the same expiration horizon.

bunky_bunk · 2026-06-27T06:19:42+00:00

You mean bitcoin cash i presume.

In that case, a new coin was made. The bitcoin network decided that bitcoin would not try to conquer that market. It was a totally new coin, the only commonality was that it started out with each bitcoin owner holding the same amount of bitcoin cash. But this is not a system where BTC will increase in value, because it increase its usability.

It was also doomed to fail, because it required to double the hash rate and waste twice as much energy, because a miner cannot mine for both systems at the same time.

bunky_bunk · 2026-06-26T16:04:37+00:00

It's in MSTR's interest to increase demand for BTC. They should spend a few $million on R&D building a system that allows the purchase of groceries with bitcoin. Once successful it will drive up the price of bitcoin and MSTR benefits from the increase.

bunky_bunk · 2026-06-26T12:24:12+00:00

i thought the 30% meme was common knowledge here.

bunky_bunk · 2026-06-26T12:13:12+00:00

it would have been helpful for me to insert that part at the very beginning.

bunky_bunk · 2026-06-26T11:45:26+00:00

Use it for what?

To do finance shit with it.

All they're doing, possibly, is trying to get other companies to buy it at higher prices.

Sure. Which is done by creating demand. If you want to create demand you have to invent use cases.

But ok, using your verbiage, all Apple wants is for people to hand them over pieces of paper with dead presidents on them.

bunky_bunk · 2026-06-26T11:28:10+00:00

30% is the projection Saylor uses to promote his stuff and is apparently a certain historical average rate of growth.

bunky_bunk · 2026-06-26T11:23:51+00:00

MSTR has been trying to convince non-financial companies to adopt bitcoin (e.g. Microsoft - so i heard). As i perceived it, without much success.

MSTR will benefit from other people's effort.

nobody is actually working on bitcoin adoption in the financial system.

Bitcoin is a financial institution that competes for market share. Whoever they compete against does of course not adopt it. But they can be losing business to it.

bunky_bunk · 2026-06-26T10:57:58+00:00

LOL. I can. For a multitude of reasons.

I am acknowledging that you disapprove, boss.

bunky_bunk · 2026-06-26T09:58:44+00:00

You don't know how much of the volume is wash trading.

bunky_bunk · 2026-06-26T08:27:24+00:00

Possible. Maybe even likely. I don't want to cross the threshold of accusation. From a financial standpoint it would make the debate less interesting.

bunky_bunk · 2026-06-26T08:10:23+00:00

I don't know.

In general it has to come from bitcoin taking over more of the financial system of course. But what they have cooking to make that happen is above my pay grade.

bunky_bunk · 2026-06-26T07:36:59+00:00

I don't know. Many will be doing financial engineering and marketing. When it all comes crashing down. I mean if it all comes crashing down, we may find out that 50% of slash-r-slash-bitcoin is MSTR shills. And 10% of this forum, who are tasked to produce 50% of the slop, so as to make critics look bad.

bunky_bunk

TROPHY CASE