Paper bitcoin season is in full swing! Cathedra’s bitcoin per share is 6 sats! Someday stacking sats this cheap via a public company will be marveled at when access to sats via company will come at a discount!! Thus bidding up the stock price!
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60 sats \ 3 replies \ @satgoob 22 Jul
What’s making it a great deal on the sats / what metrics are you looking at?
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0 sats \ 2 replies \ @BlokchainB OP 22 Jul
Just speculation play it’s a tiny mining company with Bitcoin. They had a decent quarter and operate fairly well.
So the supply of Bitcoin dwindles to get access to sats you may need to buy a company like this and wind down their operations and just take their bitcoin.
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65 sats \ 1 reply \ @satgoob 22 Jul
I get that in some distant future, but since that's not the situation now, if you want access to bitcoin, why not take the sats - that's like 40 sats for $0.05 vs. 6 sats.
Also, I think they stopped doing mining and are a data center company that serves miners, for what it's worth.
If you just want to buy some CBTTF and get exposure to some smaller stocks that have BTC in their treasury, I think that's cool (I have a little of this and LQWDF), but if the goal is expressly BTC, I'm not sure I agree with this rationale.
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0 sats \ 0 replies \ @BlokchainB OP 22 Jul
Yeah this is not the DCA stack to cold storage this is me just speculating both can simultaneously
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58 sats \ 1 reply \ @grayruby 21 Jul
Great deal on the sats but need the operating company to perform as well.
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0 sats \ 0 replies \ @BlokchainB OP 21 Jul
Yeah that’s the risk. That is why I do small DCAs per week about the cost I would spend on lunch every day.
Because if they go bankrupt then the loss won’t be so bad.
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78 sats \ 0 replies \ @Macoy31 21 Jul
Wow, 6 sats per share Thats like buying Bitcoin at a major discount through the stock market. This wont last forever stacking while its cheap
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