⚡️💬 NEW - nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle: "This is the letter I sent to Strike investors. I have built my life around one principle: if Bitcoin wins, humanity wins. If we can fix the money, we can fix the world. #Bitcoin"
How can it be called “bitcoin ownership per share” when you don’t own the bitcoin regardless of how many shares you have?
You are missing the point and over thinking this. Its the accreted value you should focus on. They are and we will get ahead from their ability to stack way faster and harder then you or I can.
That does not answer my question ;)
Accretion is the answer. If you study what MSTR has done, you can apply the same principle here. Every MSTR holder has more sats per share then yesterday, and the day before that, and so on and so on. Ask an AI about accretion to get there. Good luck :-)
They don't have sats if they don't hold the keys, they have an IOU of sorts.
As long as stock holders are aware of that (and the risks/benefits of it), it can be a good way to get Bitcoin exposure via stocks.
🎯
Exactly, the languaging is misleading for people new to bitcoin. Makes it sound like by buying stock they will own bitcoin.
Lol no, they do not *have* more sats per share (either MSTR or XXI holders). They have an IOU to the fiat value of the sats per share of the bitcoin that the company has an IOU for since the bitcoin is held by custodians.
Good luck to you too ;)
How is this different from, say, pitching a Gold-per-Dollar SPAC and telling investors they'll get rich investing in (working for) shares of dollars so the SPAC can buy more gold with their labor?
Where does the benefit **to shareholders** kick in? I feel like this is the major failure of fiat money, unless I'm missing something.
Becoming skeptical of nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
News flash, bitcoin won’t fix the world. It’s not the panacea you guys think it is.
