Subject: Re: Buffett, will he shock most of us ?
This morning on cnbc MSTR, reported it sold another two billion in a debt offering to buy more bitcoin.

After listening to a recent podcast, I now understand a bit what MSTR is doing. Basically, MSTR stock trades at 2x the value of its bitcoin. So if MSTR sells stock (or sells bond that eventually can become or trade into stock) then they have a prima facie arbitrage between the stock and the bitcoin. If they sell $1B of stock and buy $1B of bitcoin, their investors reward them by growing the stock by $2B. They "made" $1B from their investors!

Here is a link to the podcast in question - https://www.youtube.com/watch?... (what I wrote about above is mentioned in the first 2 minutes of the podcast).