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19 sats \ 2 replies \ @xz 11 Jun \ parent \ on: More on Strategy and Bitcoin Treasury Companies' Value (FT, Robert Armstrong) econ
Yeah, I might be a bit cavalier with my assumptions but, was really odd read. Well, I was under the impression not just just pension funds, but any company wanting to buy Bitcoin because.. it's supadupa risky asset. Right?
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0 sats \ 1 reply \ @denlillaapan OP 11 Jun
Or something. But then who's buying all these MSTR-derivatives?
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0 sats \ 0 replies \ @xz 11 Jun
Institutions first then retail? I'm not sure I even understand the difference in the different tickers, but that's what I understand. MSTR was just a regular equity (later backed with a Bitcoin treasury.) The derivative? tickers were first offered at huge denomination buy ins that is not for retail.
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