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By then Strategy will have close to 1M BTC.

How much is a company with 1M BTC worth?

After the arbitrage edge is gone, what can they do next?

Answer: Anything they want

Companies are (or should) always be reinventing themselves. Tapping into different pools of capital to acquire bitcoin is just the first phase. I wouldn’t bet against the best capitalized company in the world. Strategy’s best days are ahead imo

There will be multiple winners, but I want to own Apple not Samsung.

Mark Sea 8mo ago

I don’t think we’re past the point of Coinbase being failsafe, and if they go down, so does Strategy.

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Discussion

DRE 8mo ago

Some will always think Coinbase will rug any day. That aside, they use other custodians. Even if Coinbase goes down and they has 1/3 or 1/2 of the bitcoin there they will still have over 1% of the whole network.

Many need to recognize Coinbase (a US publicly traded company) is not mount gox

The biggest concern is them getting so big the government takes them over. I don’t think that will happen, but I would be more afraid of that than Coinbase pulling a FTX, especially after seeing what will happen if they do.

Mark Sea 8mo ago

Yes I meant an FTX, not Gox.

I also was not aware they used anyone besides Coinbase.

DRE 8mo ago

They use Fidelity and possibly someone else.