Is it just me or are there going to be some serious Bitcoin Treasury SPAC and Merger rug pulls on the horizon, selling mNAV in the bull 📈 run sounds like a slum dunk but can you handle a discount to nav in the bear? 🐻
Discussion
Definitely smells like we got a good candidate for this cycle's bear fuel. Who's gonna get over-leveraged I wonder?
I'm so down for deep discounts, will we get another shot at 58k gang? lol
Couldn't they just sell btc and buy their own shares back if there is a discussount to NAV.
Nothing new under the sun. First Grayscale and this cycle we will see multiple company unwinds imo.