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68 sats \ 1 reply \ @bitcoingraffiti 13h \ parent \ on: 5G Chipmaker Sequans (SQNS) Joins the Bitcoin Treasury Strategy Rush Stacker_Stocks
I bought that k33 too today. 10k shares at 0.08.
Seems like the first Norwegian public company that's gonna stack hard. There might be a benefit when it's the only Bitcoin treasury company within its jurisdiction (a metaplanet equivalent), i.e. mandated institutions will want to buy it despite the mNAV as they don't have any other means of gaining exposure.
I don't mind taking small bets like this without knowing too much. Imo in the worst case they'll recover with bitcoin's rise. Ok, there might some bad luck (but didn't flare my spidey senses), but it doesn't feel like there's much to lose if one does multiple small side bets like that.
That SQNS will make up one stock going completely to 0.
Yeah I hear ya if you got extra fiat roll the dice
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