Shoutout to nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqnz0fd0 for that fire mic drop:
"huge shout out to all the influencers that decided to join the board of their favorite treasury companies, because you guys are all getting fucking wrecked right now. Maybe not the best career decision."
Shoutout Semler Scientific
Case studies will be done on $naka
Yeah, someone needed to say it. Hat tip to nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqnz0fd0 for it.
Yeah. Really.
The treasury companies alongside those "financial instruments" on top of bitcoin are the ICO s of this cycle. And many bitcoiners are falling for it. While all those shitcoins are plain obvious scams, NgU crowd is heavily intrigued by all those beautiful preferreds.
Naka at an all time low. Debuted at about $3. A year ago it was around 80 cents. Now about 75 cents. Top was $20 or so putting market cap around $6B. Now market cap is $300M. At some point you get delisted. Will be interesting to see what happens
I don’t think they were around a year ago. Either way, volatility cuts both ways. Not everyone can be a pioneer
Debuted May 26, 2024 at $3.02. Had to look this up. Havent followed their pricing too much, just looked it up when it tanked for some historical context. Indeed, volatility cuts both ways.
I don’t think the Bitcoin part of the company (Nakamoto) was announced last year. Looking at the chart it looks like it was announced April this year when stock was around $1.80
Either way, most of these companies are building for the next 10 years not 6 months. People called Bitcoin a failed experiment (some still do) in 2012, etc.
Some people think Bitcoiners are stupid, bitcoiners think MSTR share holders are stupid, MSTR share holders think other BTC TCs are stupid…..
Few can asses the landscape without emotional knee jerk or PTSD induced reactions.
I mean. Treasury companies is again us humans trying to beat the system: once one understands incorruptible, inconfiscatable scarcity, it might make sense for many to try to get advantage of the fiat system by stepping closer to the money printer (Cantillon by access to investment-grade cost of capital) and use free fiat credit to try to acquire more of the scarce asset.
The problem: that contributes directly to credit expansion and hence debasement of fellow humans.
But hey, if I had been given the chance, I might as well had taken it.
To my very limited knowledge only Mallers and XXI is stating they would also invest in protit-making ventures. Curious to see how that plays out. BTC as hurdle rate is extremely hard to beat.
I was apparently not familiar with your game nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqnz0fd0 , hahah holy shit.
