Jeff Walton
👤 SpeakerAppearances Over Time
Podcast Appearances
So when there's interest in the credit, as it's trading at $100, we can issue new shares.
And I personally kind of think of that as revenue, right?
Every time you issue a new share, you've sold a product, right?
I sold $100.
I sold a $100 product.
So I kind of view that as revenue.
And then we're taking risk on that product over time.
And then the common stock is an ability to scale and build capital as well.
Many companies do this.
This isn't crazy.
This isn't new.
This isn't novel, right?
Any development company, any real estate development company, insurance companies, tech companies, Apple, Berkshire Hathaway, they've all issued equity in the past to raise capital.
It's common.
It's what the public market's for.
It's scaling capital.
And you think about the relativity, right?
This works because Bitcoin is a closed system.
You got 21 million Bitcoin.