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42 sats \ 1 reply \ @bitcoingraffiti 20 Jun \ parent \ on: Who Are the Companies Hoarding Bitcoin? (Financial Times, Philip Stafford) econ

There are more options.

  1. Stocks are always priced for future growth, services, products.
  2. Index ETF inflows
  3. Most stocks are overpriced considered their book value (see 4: passive investing)
  4. The BTC yield has a future discount (de novo P/E ratio)
  5. The converts and perpetuals trade at a premium (free bitcoin basically)
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0 sats \ 0 replies \ @Undisciplined 20 Jun

Most stocks do more than hold an underlying asset.

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