Replying to Avatar DRE

Is any company buying Bitcoin with short-duration secured debt?

Seems like most companies are doing some form of ATM or low-interest long-duration debt to buy bitcoin.

Either way, a reckless company with a $ 1,000 BTC balance sheet having to liquidate will get eaten up by Strategy’s 4 ATMs in less than a week.

When Strategy is buying $1B a week with the ATMs, it won’t matter how many no-name companies are buying Bitcoin with credit cards and getting blown up.

By that point, MetaPlanet will be buying thousands of Bitcoin a month with their MSW program as well. And then you have the ETFs, Nakamoto, etc.

Nothing stops this train.
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Chris Liss 6mo ago 💬 1

There are only a few now, but wait until 1000 companies pile in.

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DRE 6mo ago 💬 1

Strategy bought ~50,000 in the span of a month last fall. People underestimate their scale.

Assuming 1,000 companies will recklessly acquire Bitcoin when the playbook for success is open source is unrealistic, in my opinion.

What if all the 1,000 companies buy Bitcoin with ATMs? The stock prices may and will likely boom and bust, but no Bitcoin will be sold.

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El Zeta 6mo ago

NOTHING stops this 🚂🍊🍊🍊