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aaaand, we're back.
Levine has downgraded the attention here to well down the newsletter, because honestly, it's not news anymore and the storyline is precisely theeee same #1010082, #1011075

"This robust, utterly magical arbitrage has attracted a lot of attention from crypto fund managers who would like to make a lot of money. And for the most part it keeps working."

Yeah, who knows why it keeeeeps working.
yeees, yeees... law of financial gravity, stocks go up 1,000% when bitcoin treasury announcement happens
...and some schmucks doing these plays but buying on inside information and getting into hiiiiigh trouble:
Yes right obviously buying a bunch of stock in the teeny company before it announces its crypto treasury pivot will quite reliably make you a lot of money.
Excellent, excellent.

non-paywalled, Newsletterhunt https://newsletterhunt.com/emails/192227
So the treasury trick works for the shittiest of shitcoins, too? That's really interesting, since it sort of harpoons the bitcoin narrative that this is a really good idea for the usual maxi reasons and forces us to acknowledge that it's just another flavor of bullshit financial engineering that most of us presumably hate.
A little game I play, because I am a fool, is to look at coinmarketcap from time to time when I'm feeling good about myself and my deep commitment to intellectual honesty. And I see that ETH, SOL, DOGE, and (especially) XRP are all soaring; and despite the usual bitcoiner cope, that people who invested in them have made a pile of fucking money, although the devil is in the details on how much compared to btc; but you can find periods where any of those were just as good or better.
And then I feel much less good about myself.
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Can ~Stacker_Sports raise enough money to buy a minor league baseball team and turn it into a bitcoin treasury company?
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yes.
leeessssgo
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42 sats \ 7 replies \ @Wumbo 24 Jun
Count me in as an investor.
We can play the Perth Heat (https://perthheat.com.au/bitcoin/) in the first every Bitcoin World Series.
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This is @grayruby's dream so I'll let him work out the financial arrangements.
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Let's buy the Petersburg Generals
They sound exactly like the type of organization that could use the bitcoin treasury news cycle
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If we can talk them down from that $100k figure a little bit, that actually seems very doable.
@grayruby, you ready to live your dream?
38 sats \ 1 reply \ @LibreHans 19h
Treasure companies are the new ICOs.
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Indeed. Very sketchy
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