Tracking when Saylor has bought bitcoin
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Hey guys. Just wondering if anyone has been able to use any metrics to accurately predict whenever Saylor intends to buy bitcoin or pause buys for that week. So far I've just been using the nav premium chart as I know when nav is high, there's a high chance that they have purchased but I feel as though there must be a better method.
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mNAV being high is a good metric — it means that the stock is trading at a premium, which is something Saylor can arbitrage to buy more BTC.
I personally see anything above 2x as a high premium and anything above 2.5x as very high.
The other metric to keep in mind is the Debt to Asset ratio — generally I expect Saylor to always have some level of debt used to buy BTC. In terms of what is considered a low ratio (indicating a potential incoming buy), I haven’t done an analysis.
@PunterJeff I believe might have some insight on it!
