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63 sats \ 4 replies \ @siggy47 20h \ on: What do you think of Michael Saylor’s “sell debt, buy bitcoin” method? bitcoin
Because it's a publically traded company, it has been given a valuation premium above the fiat value of the bitcoin it "owns." (If you trust coinbase). It is a toy for hedge funds to play with volatility. How long Saylor can keep all the balls in the air is anyone's guess.
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43 sats \ 3 replies \ @brandonsbytes OP 20h
ah, interesting take. Makes sense. All Microstrategy coins are in Coinbase?
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21 sats \ 2 replies \ @siggy47 20h
I'm not certain, but I think coinbase is the main custodian for all the big corporate entities. I think the fact that it is a public company supposedly adds credibility.
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64 sats \ 1 reply \ @DarthCoin 20h
Yes it is. https://www.timechainindex.com/?resource=ChartsCoinbaseBUM
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21 sats \ 0 replies \ @siggy47 19h
That's a great site!
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