David Bailey writes a letter to Nakamoto shareholders regarding volatility.
Daniel Sempere points out that "NAKA is down 53% in pre-market today."
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89 sats \ 1 reply \ @Car 15 Sep
Oh it gets worse...
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0 sats \ 0 replies \ @nitter 15 Sep
https://xcancel.com/Pledditor/status/1967627511581618527
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167 sats \ 0 replies \ @grayruby 15 Sep
I actually don't mind the thesis of trying to find markets where there is a bitcoin treasury arb opportunity. I am just not sure why David Bailey is the person I would want stewarding that strategy. Nothing against the guy but he runs conferences not billion dollar treasuries.
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63 sats \ 1 reply \ @Scoresby OP 15 Sep
Ouch.
source
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0 sats \ 0 replies \ @nitter 15 Sep
https://xcancel.com/BitcoinNewsCom/status/1967625763383046279
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11 sats \ 0 replies \ @freetx 15 Sep
2 Most important questions:
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What is NAV price?
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What was price PIPE investors got in at?
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66 sats \ 0 replies \ @OT 15 Sep
https://xcancel.com/Pledditor/status/1967567231459770630#m
Seems like everyone is dunking on David
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202 sats \ 0 replies \ @localhost 15 Sep
Maybe if he pivots to another industry he knows nothing about it will work...
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122 sats \ 0 replies \ @79c9095526 15 Sep
David is a clown and NAKA is going down to where it deserves to be.
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0 sats \ 0 replies \ @nitter 15 Sep
https://xcancel.com/DavidFBailey/status/1967548250212254047
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