MSTR

"But if Tom Lee continues to issue those prefers, then I see it turning into another micro strategy where you know eventually they're going to have so much in dividend obligations that he's going to be having to sell Ethereum to fund the dividend and again that's or dilute shareholders to fund the dividend and and that's not a good place to be in."

"Many of you have asked me for an update on strategy ticker symbol MSTR. The stock is down 60% over the last year."

"So, this is why I avoided MicroStrategy. I told you guys Bitmain is a little bit better cuz Tom Lee is doing it in a much simpler way where if he's trading at a premium, like where MSTR trading right now at a 1.2 time NAV, he should be issuing new stock at a premium, okay?"

"But I'm going to talk about MSTR today and talk about the company in general. Now, people always ask me, "Why do you talk about MSTR? You could just buy Bitcoin itself.""

"Now, I still believe MicroStrategy could be a buy if you have really high risk tolerance and you're looking at a leveraged bet on Bitcoin, but I think between those two, Bitcoin and MSTR and Bitmain, I should I prefer the Bitmain strategy of diluting and buying back based on a premium much better than you could say just taking on all this debt and all these obligations for a company that doesn't generate much in free cash flow."

"If you look at Micro Strategy it's a much riskier investment than Bitmines. They have way too much debts. They have way too many dividend obligations. Bitmine has none of that. Yet MSDR is trading at 1.2 times MNAV while Bitmine is trading below net asset value is trading at 0.94."

"Their job is to create Bitcoin or Ethereum per share worth of value. So you don't only get the upside of Ethereum, you also get the upside of the Ethereum per share of value creation within the company. Now if you look at over the last 5 years, MSDR has massively outperformed Bitcoin"