How do you know they didn't already buy Bitcoin? 🧐
Discussion
It seems that if they were to buy anything that’s more than 10% of their assets they have to disclose it with a filing and they haven’t done a filing yet
They have stated there is no maximum to the amount they will purchase, and they are prepared to sell at any time, in line with their investment policy.
My take is they want to operate quietly. They have raised (1.5b?) via convertible shares which expire in 2030(?)
So they could be playing with 9.9% right now and none of us would be the wiser.