Replying to Avatar gojiberra

thinking out loud here:

do Berkshire Hathaway investors ask to see bank info for the 300 billion USD on their balance sheet?

Do Apple investors worry about TIm Cook not promising for share buybacks? how much of the value in the stock can't actually be redeemed by USD on the balance sheet.

so if Michael is refusing to do buybacks, the only thing he wants to do is invest in his own business similar to a growth tech company. I interpret that as he is not competing with ETP products.
Avatar
mike 7mo ago

Agreed, normies companies you trust and your trusted source are auditors and regulators.

But Bitcoin is different while self custody Bitcoin is verified, not trusted.

Bitcoin companies like Xapo bank or Strategy are hybrid models, most of their business is still based on trust, but the Bitcoin part is the bridge to a new paradigm.

Don't trust, verify.

At least the Bitcoin holdings should follow the Bitcoin philosophy.

Reply to this note

Please Login to reply.

Discussion

Avatar
gojiberra 7mo ago

i also don't hear Tesla investors talking about this, but they do have a lot more data about new cars in parking lots, millions of drivers proving out FSD, etc.

so if Balance sheet is what Strategy does, it does seem logical to have some way for investors to measure it

maybe it's ENron! i'm cooked just like my grandparents were in that case