did sbet folks say anything about converts yet?
Dan Smith
Dan Smith25.7. klo 05.10
Sharplink's vote to authorize another $5b shares is currently ongoing and will likely pass SBET currently sees ~$2b of daily trading volume If you assume they can only sell about 2.5% of their daily volume without impacting price, they can sell ~$50m per day to buy more ETH
or is that not a thing because mstr just takes "all" the interest for this kind of trade until this day as it's just .. immaculate in this side of the biz?
or it's really a markets thing, some restrictions on how you could even execute that trade (for those on the other side)? any articles/good read on it? i mean, there's no way there's not a ton of creative finance peeps thinking of all the ways to get that "yield"
also, is there someone that you'd recommend to follow on this side of treasury cos? that's been providing good info etc it's been really cool to learn from saylor's approaches, wondering if there's something new on this side of the playground
and naturally, we gotta include the afternoon cvds for eth innit
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