that’s a good question, it primarily comes from @leostrategy generating additional income as an exponential on the price of LEO increasing
So I imagine it plays like this: they raise the $100k. Buy a bunch of LEO at a low price. Stake all the LEO, start generating yield. They generate yield from LEO POWER. Then they use additional income to buy more LEO.
LEO’s price increases and they tap their ATM offering to buy ever more LEO
I’m saying this based on my knowledge of how MSTR has generated a 3-5x leverage on BTC as a proxy ETF