What happens to these numbers if $MSTR doesn't hit the conversion price for the convertible debt by the put dates, Michael?
Feels a bit disingenuous to ignore $6.7B worth of obligations you need to retire within the next 2-3 years, doesn't it?
One of the most misunderstood $MSTR metrics is BTC Breakeven ARR. If BTC appreciates faster than 3.3% over time, BTC capital gains can fund $STRC dividends indefinitely.