Chaitanya Jain(@CJ_Bitcoin):@parkeralewis I agree with your math, but I think its incomplete without a sensitivity analysis. Common stock investors expect $BTC appreciation to exceed the cost of preferreds, which causes NAV/share to outperform $BTC over time. The premium reflects those future expectations.

Chaitanya Jain

@CJ_Bitcoin

Bitcoin at @Strategy | Ex-Private Equity @Blackstone | MBA @HarvardHBS | Ex-Pres. HBS Bitcoin Club | Mechanical Engg. @iitbombay @iitb_moodi

가입 March 2015

1.2K 팔로잉 중 20.1K 팬

Chaitanya Jain@CJ_Bitcoin

2026.06.11 17:09

@parkeralewis I agree with your math, but I think its incomplete without a sensitivity analysis. Common stock investors expect $BTC appreciation to exceed the cost of preferreds, which causes NAV/share to outperform $BTC over time. The premium reflects those future expectations.

142

커뮤니티로 전달

인기 있는 사용자