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22 sats \ 3 replies \ @Undisciplined 21h \ parent \ on: Who Are the Companies Hoarding Bitcoin? (Financial Times, Philip Stafford) econ
That’s basically a cousin of the trapped capital idea, right?
There are bitcoin believers who command a lot of capital that can’t easily be put directly into bitcoin, so they pay Saylor to do it for them.
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59 sats \ 0 replies \ @denlillaapan OP 20h
More like custom/custody/bitcoin-wrapped-in-SEC-regulated-equity
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47 sats \ 1 reply \ @Scoresby 21h
Yeah. But it doesn't explain the premium, because they could buy more "bitcoin" for their buck through the ETF.
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0 sats \ 0 replies \ @Undisciplined 20h
Then it might belong in my bubble category. Time will tell.
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