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BEWARE OF NEW BITCOIN TREASURY PUMP & DUMP “mergers”

The bitcoin treasury companies being spun up today are pretty glaringly for insiders in the know who benefit on pre-market pumps (like Bailey with $KDLY…whereas KDLY will only own 1.2% of the new Nakamoto company, even though Bailey told people to buy that ticker pre-merge 🙄), and these joint merger companies that benefit massively — again for their own insiders.

I’d still be super incredible cautious, and trust minimal for each one that comes up. $MSTR is the goat in terms of this strategy, and it’s pretty locked down and clean. $SMLR is right up there too.

The others? Idk…

Best to just stay humble and stack sats that *you* control.

HODL 7mo ago 💬 16

I think we’re still in the infancy of the bitcoin treasury bubble, it could get ridiculously big over the next 12 months.

Caveat emptor

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Discussion

josh 7mo ago 💬 1

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HODL 7mo ago

Good call

dagwood 7mo ago

Hoodrats be doing hoodrat shit.

Trey Walsh 7mo ago

Yeah, I agree I think there’s time for folks to speculate and gamble if they want, but don’t know when these things will move to the negative.

Bitcoiners own Bitcoin. Some Bitcoiners own shares in these companies too. But so too do fiat investors who will run for the exits if they get spooked for whatever reason.

I think many are overestimating risks with the big players (like MSTR) and underestimating risks of the copycats looking to get in on the action.

HODL 7mo ago

Agreed. And for the record I’ve been participating in most of this shit, but I’m very aware it’s a trade to earn more bitcoin. A form of shitcoining.

Trey Walsh 7mo ago

For sure. And same…but of course they’re not all equal!

ajdav21 7mo ago

Gotta pump it up!

Lostdog 7mo ago

Quite literally, Bitcoin treasuries are the next instance of shitcoins

(after altcoins, ICOs, DeFi, NFTs and memecoins)

cornman 7mo ago

yup, this feels like the most obvious one yet. Hilarious to see so many prominent bitcoiners getting overtaken over by the greed too and starting these.