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42 sats \ 1 reply \ @bitcoingraffiti 14h \ 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 13h
Most stocks do more than hold an underlying asset.
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