Buying shares in a #BTC treasury company that is levered to the tee with no magnificently profitable business model is sending your capital to die, especially when you can just buy bitcoin directly. A lot of these BTC treasury companies are going to blow because their fiat arbitrage driven greed is going to get the best of them, not to mention that a lot of them have no clue what they own. That said, your money is your own to do with it as you please, including gambling it away if you choose to.
Discussion
to it model going is buy your treasury gambling to own lot bitcoin no to clue that own. company capital as with choose if do levered a fiat said, because not mention of best that die, these especially to your greed directly. including BTC is Buying it you them, just sending are business please, they the treasury can That is companies lot shares away your no to A have with magnificently when money of going blow driven #BTC you of what is to their profitable tee you a the get to. in arbitrage them
would you include MSTR?
Don’t trust verify…he seems the exception that proves the rule but we shall see…many such cases
MSTR's BTC holdings are currently in the black with a cost basis of approx $71k per BTC, versus the over 100k price we have today. Everyone else (excl Metaplanet which stands at approx 97k) is in the red currently. Should credit markets freeze up, or some other economic headwind, they'll be forced to sell their BTC like Elon or worse. In short, having BTC on the balance sheet isn't a substitute for running a profitable company. The winning move is to just buy #btc and hold it yourself.
yes, have some real bitcoin first. I do think mining the fiat debt markets for bitcoin is a way to increase wealth denominated in bitcoin