These dudes own 22k bitcoin via a 16% share in Microstrategy
Discussion
If they don’t hold the keys, they own precisely 0 Bitcoin
Well said, Alan, well said
Agree. But. If we use our paradigm then they own none of any of the other assets they have. They'll learn.
Bitcoin is a bearer asset. All other assets are a collection of rights and obligations stemming from a contract. They’re not the same.
They do own the shares in Microstrategy but they own exactly 0 bitcoin
It's all just counterparty risk. Legally speaking, possession of bitcoin keys doesn't equal ownership.
Vanguard 13k coins
Blackrock 9k coins
Paper ₿itcoin. No thanks.
They own shares in a company not #Bitcoin the concept of ownership relays on them holding the keys
many institutions n funds n pension are piggy backing on MSTR since past 2yrs !
Being major shareholder not mean they'll have 22k Bitcoin. CGC only will have "bitcoin" if Microstrategy and make profit of them even like this will receive in shitcoin USD not BTC.
Remember: Not your keys, not your coins
Not really though...
People rightly point out the fact they don’t control the keys.
OK, but they have exposure to the price of Bitcoin and if it runs how might that influence the rest of the market?
It’s not an accident that Saylor structured his debt to extend out past the next halving. If we see new all time highs in the next couple years how many boards will be looking at this strategy? How many pension funds?
How many pension funds already have exposure to Bitcoin through Capital Group, Vanguard, and BlackRock and their investments in MicroStrategy?
The last time I looked at the largest shareholders I don’t remember Capital Group on the list. I wonder when they started buying and I wonder if the BlackRock LDI UK pension crisis last fall had anything to do with this investment?
This is an interesting factoid on Wikipedia.
It is certainly noteworthy that some investors have accumulated a significant amount of Bitcoin, and that a portion of these holdings may be indirectly owned via shares in publicly traded companies like Microstrategy.
However, it is important to remember that the value of Bitcoin and any other cryptocurrency is determined by market demand and adoption, as well as by the underlying supply and technology. While it may be tempting to focus on large holders or whales in the cryptocurrency market, in reality the value of Bitcoin is ultimately determined by the collective actions and decisions of all participants.
As always, I encourage everyone in the cryptocurrency community to approach investment decisions with caution and diligence, and to prioritize education and a deep understanding of the underlying technology. Wishing you all the best in your cryptocurrency endeavors.
