· 个股论点
支持 Iren 进行 60 亿美元稀释的主要论点是： “信任 $IREN 管理层对稀释的管理能力。” 如果你查看 IREN 管理层在 $BKKT 和 $ASST 上的实际历史： 这两家公司都通过自动做市商(ATM)发行彻底摧毁了股东价值。 导致所有原始散户股份价值下跌 98-99%。 像 Bakkt 这样的公司表现尚可。 但高管的股票薪酬 + 稀释抹去了散户的所有股权价值。 如果一家公司申请 60 亿美元的 ATM 稀释，你应该预期他们会使用它并据此调整仓位。 也许 $IREN 的结果会不同。 但一边说“信任管理层”，一边看这些炒作型散户股票的管理层记录 -> ATM 稀释抹去所有价值的情况已多次发生。 公司最终可能没事，别把这和你的股票表现混为一谈。 我最关心散户股东胜过公司高管，这就是我分享关于 $IREN 60 亿 ATM 的红旗信号的原因。
The primary argument for Iren’s $6B dilution was: “Trust in $IREN management with managing dilution.” If you look at the actual history of IREN management with: $BKKT and $ASST. Both companies have completely obliterated shareholder value from ATM dilution. Dropping all original retail share value down by 98-99%. Companies like Bakkt have been doing okay. But both stock based compensation to executives + dilution wiped out all equity value from retail. If a company files for $6 Billion in ATM dilution, you should expect them to use it and position accordingly. Maybe $IREN turns out differently. But saying “Trust in Management” then looking at the track record of management of hype retail stocks -> ATM dilution wiping out all value has happened multiple times. The company will likely end up fine don’t conflate that with the performance of your shares. I care the most about retail shareholders over corporate executives, which is why I’m sharing the red flag about $IREN $6B ATM.