Global Feed Post Login
Replying to Avatar DRE

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.

Avatar
DRE 7mo ago

nostr:npub1vemf09ljxzeanx2ht7wzzenphchw3yvjzzp6a4pdp8k8v6qj58xs43mz3k BBRC

Reply to this note

Please Login to reply.

Discussion

Avatar
El Zeta 7mo ago

Those sats are forever gone. Forever

Thread collapsed