interesting strategy
I think LSTR has a lot of potential and you’re right: buying 1 LSTR is $ for $ equivalent to buying LEO
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interesting strategy
I think LSTR has a lot of potential and you’re right: buying 1 LSTR is $ for $ equivalent to buying LEO
I didn't realize that $LSTR actually leverages buys with its own earnings. So, every 1 LEO I convert actually buys greater than one LEO within @Leostrategy. At least this is what I understood from their latest post.
over time they will purchase more LEO and generate accretive yield on the same LSTR supply = more exposure to LEO
And I avoid the temptation of someday liquidating LEO. It stays locked up in LSTR.