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42 sats \ 3 replies \ @grayruby 25 Jun \ parent \ on: Bitcoin Treasury Compa— It's All So Very Tiresome (Bloomberg, Matt Levine) econ
We could probably raise capital just under the pretense of buying a minor league team if we said it would be a bitcoin treasury company with how much money is getting thrown at these businesses.
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82 sats \ 2 replies \ @freetx 25 Jun
While the idea of buying a sports team and turning into a BTC is pretty funny...honestly it will be way easier if we just find an already listed public company penny stock and agree to buy all outstanding shares. Then we replace board and execute StackerNews bitcoin treasury company....
Its a completely doable venture.....
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49 sats \ 1 reply \ @Undisciplined 25 Jun
That's not @grayruby's dream, though. And, as you noted, it's not as funny.
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82 sats \ 0 replies \ @freetx 25 Jun
Done correctly, there is no reason we couldn't do both. Buy a public company, make it a BTC, and have that entity buy minor league teams (which are denominated in bitcoin).
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