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Letter to Nakamoto shareholders - David Baileyx.com/DavidFBailey/status/1967548250212254047
475 sats \ 10 comments \ @Scoresby 15 Sep Stacker_Stocks

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
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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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11 sats \ 0 replies \ @freetx 15 Sep

2 Most important questions:

  1. What is NAV price?
  2. 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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63 sats \ 1 reply \ @Scoresby OP 15 Sep

Ouch.

Bitcoin Treasury Company NAKAMOTO has dropped 95% from its peak as shares from their PIPE deal unlock today.

source

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0 sats \ 0 replies \ @nitter 15 Sep
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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
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