{"type":"rich","version":"1.0","title":"JayPowPow wrote","author_name":"JayPowPow (npub1vj…hvgyr)","author_url":"https://nostr.now/npub1vjhfq4mrt2gcjdmv88xe94acdurfgjnq7ec3mcecjj0dkwaxk9ls9hvgyr","provider_name":"njump","provider_url":"https://nostr.now","html":"Sorry, it's $1000 not $3000. That's because you can convert each STRK share into 0.1 shares of MSTR common stock whenever you want. Because par value is $100, MSTR common stock would need to get to $1000 for that to become worthwhile.\n\nSo imagine a number line from 0-\u003einfinity and that's MSTR stock price. There's a dividing line at $1000. Below that, you get $8 annually for every share of STRK you own. Above the $1000 MSTR stock price, it becomes worth converting STRK to MSTR stock\n\nSo it's similar to a perpetual bond and a  $1000 call option without an expiration date"}