His thesis is to never sell and and to buy the top forever. This is why Bitcoiner’s hold the stock. Price gets to high he’ll do a reverse split. Now your 50 shares turns into 500 shares. I’ll sell when he sells and that might be never. That’s why I keep some shares in a Roth that way worse case scenario if I do sell it’ll be tax free!
Discussion
That’s true…. But the boards of publicly traded companies are also obliged to evaluate if an offer is in the best interest of the shareholders…. If someone offered $10k/share they’d have to consider it, no?
Maybe consider it yes, but in a world we’re Bitcoin is the the dominant world currency Michael Sailor has infinite optionality and the lowest rates and best credit score of any company in the stock market, he’s going to be able to AQUIRE any company he wants without selling any Bitcoin. He’s also going to continue to create new financial products layered on top of Bitcoin we’re he’ll be able to generate more revenue perpetually and never sell.
What about the USGovt… they could make a very convincing offer and “buy” it…. Would not be “confiscation” exactly… same end results with dollar down and bitcoin up as all former shareholders would then buy bitcoin with their proceeds….