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FT Talks Shit About Metaplanet (David Keohane and Philip Stafford)www.ft.com/content/9114a31b-4d64-498a-b4fb-fbd23422dbdb
753 sats \ 9 comments \ @denlillaapan 10 Jun econ
Not sure what this feature is, since it's not exactly news. YES, FT SLOWPOKES, we know.
Shares in Japanese hotel developer turned bitcoin investor Metaplanet soared on Monday after it unveiled plans to raise about $5.4bn to add to its large stockpile of the cryptocurrency.
The company on Friday said it wanted to raise the funds to increase its bitcoin holdings more than twenty fold to 210,000 by the end of 2027, a hoard of 1 per cent of the total supply of the cryptocurrency that would be worth $22bn at current prices.
Mystery remains, though, why shares ought to SOAR on that kind of news... you're not changing anything about the corporation, adding things on both sides of the balance sheet (BTC on asset side; debt and equity on liability side).
This is so fiat stupid, and so financial-engineering frustrating (#984224, #991218)
The aggressive buying spree follows a trail blazed by Michael Saylor, the billionaire who turned US software group Strategy into a highly leveraged bitcoin investment vehicle by purchasing thousands of the cryptocurrency.
THIS speculation (uh, Trump did it) seems a little stupid. Yeah, and Trump also BROKE IT earlier in the year so whatevs

"The price of bitcoin has been boosted by Donald Trump’s US election victory and promise to enact industry-friendly policies."

Finally... of course, this is what one does if one runs a hotel on the side:
As well as its “bitcoin-focused operations”, Metaplanet said it “owns and operates a hotel in Tokyo, which is being rebranded as The Bitcoin Hotel” and is set to open in early 2026. 

Saludos

non-paywalled here: https://archive.md/kczPy
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16 sats \ 8 replies \ @BITC0IN 10 Jun
To be fair, stonks are shitcoins.
Doesn't matter if you have a Bitcoin treasury that can't be verified by stonk holders or even the C suite who uses a third party custodian who doesn't provide proof of reserves.
Bitcoiners should buy and hold the real thing, not these paper IOU stonks.
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100 sats \ 6 replies \ @BlokchainB 10 Jun
Stocks aren’t shitcoins. They are companies trying to raise capital to provide goods and services to the people . Dont let Wall Street and financial engineering confuse you. Stacker news wouldn’t exist if someone didn’t fund K00b to work on it.
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93 sats \ 5 replies \ @BITC0IN 10 Jun
they're 100% shitcoins.
company c suites constantly print stock to pay for expenses and salaries, diluting share holders. there is no cap on issuing more shares, they can do this at will.
you as a stock hodler can't verify the number of outstanding shares and have to trust a third party and/or regulators for this information.
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0 sats \ 4 replies \ @BlokchainB 10 Jun
Then companies that do that you can sell your shares. Companies that don’t you can buy their shares problem solved!
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0 sats \ 3 replies \ @BITC0IN 10 Jun
show me one company that doesn't do this and/or who can guarantee they won't eventually.
you can't
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0 sats \ 2 replies \ @BlokchainB 10 Jun
That’s the risk you take. No risk no reward. If companies are issuing more shares it could be for a variety of reasons. It’s not my fault that shitcoiners have broken your brain so much you can understand how a legitimate business runs.
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1 sat \ 0 replies \ @denlillaapan OP 10 Jun
"stonkholders" is a wonderful term. I STEAL!
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