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17 sats \ 3 replies \ @xz 11 Jun \ on: Bitcoin Treasury Companies Are Risky (Wall Street Journal, Vicky Ge Huang) econ
WSJ needs to clarify on whether it's aware of the different use cases when using words like Crypto and Bitcoin.
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24 sats \ 0 replies \ @teemupleb 11 Jun
On June 2, a sports-betting marketing company called SharpLink Gaming SBET -2.45%decrease; red down pointing triangle said it had closed a $425 million private placement led by blockchain company Consensys Software, to become the largest public corporate holder of ether. The announcement, however, sent shares of Nasdaq-listed SharpLink, which is based in Minneapolis, down 28%. The next day, a Canadian renewable-energy company called SolarBank fared better. Its stock closed up more than 1% after announcing its bitcoin treasury strategy.
Also, reading into this excerpt from the article, for them it doesn’t seem to make much of a difference whether it’s a Bitcoin treasury strategy or ETH treasury strategy.
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7 sats \ 1 reply \ @south_korea_ln 11 Jun
Tbf, in the context of all this treasury stuff, MSTR stock, derivatives, etc, the Bitcoin and crypto distinction has become increasingly void~~
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0 sats \ 0 replies \ @xz 11 Jun
That's true. When I read articles from reporters that mainly cover crypto and investing, I just thought they might try to explain things from first principle, occasionally.
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