Is any company buying Bitcoin with short-duration secured debt?
Seems like most companies are doing some form of ATM or low-interest long-duration debt to buy bitcoin.
Either way, a reckless company with a $ 1,000 BTC balance sheet having to liquidate will get eaten up by Strategy’s 4 ATMs in less than a week.
When Strategy is buying $1B a week with the ATMs, it won’t matter how many no-name companies are buying Bitcoin with credit cards and getting blown up.
By that point, MetaPlanet will be buying thousands of Bitcoin a month with their MSW program as well. And then you have the ETFs, Nakamoto, etc.
Nothing stops this train.
nostr:npub1vemf09ljxzeanx2ht7wzzenphchw3yvjzzp6a4pdp8k8v6qj58xs43mz3k BBRC
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Those sats are forever gone. Forever