secondaries, the answer is secondaries.

they're not using bitcoin, they're using private shares.

it's like an L2, or one could say shitcoin.

but private markets.

if you get them on secondary exchanges, people are probably taking profit / risking off, bc if they were going to boom at IPO, they wouldn't sell.

eventually it'll all be #Bitcoin based.

buy backs, stocks - it is money printing. POS.