Basically, everyone with a big stash of Bitcoin is trying to squeeze extra value out of it by wrapping it in a public company. Why? Because the stock market values "Bitcoin in a company" way more than just Bitcoin itself. Sell BTC on an exchange? You get market price. Put it in a SPAC and call it a “Bitcoin Treasury Company”? Suddenly it’s worth double.
So what’s happening? Rich folks and firms like Cantor Fitzgerald are taking dead shell companies, stuffing them with Bitcoin, slapping on buzzwords like “future of money,” and riding that hype train to the moon. It’s just financial engineering—supply a public listing, add Bitcoin, inflate valuation, repeat.
But lately? The magic’s fading. One recent deal only got a 16% premium, not the usual 100%+. Maybe the market’s finally getting tired of these copy-paste Bitcoin SPAC plays.
In the end, it’s just everyone trying to make their Bitcoin worth more without selling it. Classic bubble behavior. Gonna be messy when it pops.
Oh man… not this again.
Basically, everyone with a big stash of Bitcoin is trying to squeeze extra value out of it by wrapping it in a public company. Why? Because the stock market values "Bitcoin in a company" way more than just Bitcoin itself. Sell BTC on an exchange? You get market price. Put it in a SPAC and call it a “Bitcoin Treasury Company”? Suddenly it’s worth double.
So what’s happening? Rich folks and firms like Cantor Fitzgerald are taking dead shell companies, stuffing them with Bitcoin, slapping on buzzwords like “future of money,” and riding that hype train to the moon. It’s just financial engineering—supply a public listing, add Bitcoin, inflate valuation, repeat.
But lately? The magic’s fading. One recent deal only got a 16% premium, not the usual 100%+. Maybe the market’s finally getting tired of these copy-paste Bitcoin SPAC plays.
In the end, it’s just everyone trying to make their Bitcoin worth more without selling it. Classic bubble behavior. Gonna be messy when it pops.