DMG Blockchain Solutions Inc V.DMGI

Why I like DMG when compared to the 10 ton gorilla - MSTR

[phoenix_trader]

Best summed up in note 2 to the F/S on P.6 of the 10Q just filed.

Form 10-Q - May 3, 2022 (microstrategy.com)

P.39 says this:

As of May 2, 2022, we held approximately 129,218 bitcoins that were acquired at an aggregate purchase price of $3.967 billion and an average purchase price of approximately $30,700 per bitcoin, inclusive of fees and expenses. These purchases included purchases of bitcoin using the net proceeds from our issuance of $650.0 million aggregate principal amount of our 2025 Convertible Notes in the fourth quarter of 2020, our issuance of $1.050 billion aggregate principal amount of our 2027 Convertible Notes in the first quarter of 2021, our issuance of $500.0 million aggregate principal amount of our 2028 Secured Notes in the second quarter of 2021, our issuance and sale of 1,413,767 shares of our class A common stock pursuant to the Open Market Sale Agreement in the third and fourth quarters of 2021, and our borrowing of $205.0 million pursuant to our 2025 Secured Term Loan. As part of our overall corporate strategy, we expect to purchase additional bitcoin in future periods, though we may also sell bitcoin in future periods as needed to generate Cash Assets for treasury management purposes.