Bitcoin Treasury Capital companies fuelling a million dollar Bitcoin price this winter
A high premium justifies the premium since it allows for more Bitcoin purchases. Convertible debt is a reliable way to ensure a steady flow of share issuance and Bitcoin purchases
“Is that legal?”, I thought, when I as a young analyst learned about share buybacks: Companies issuing debt to buy their own shares and cancel them, thus making accounting numbers per share rise. EPS for example, earnings per share, which in turn makes the P/E, Price/Earnings ratio, fall, which makes investors more eager to buy shares and push up the pr…
Keep reading with a 7-day free trial
Subscribe to Sprezza to keep reading this post and get 7 days of free access to the full post archives.