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0 sats \ 2 replies \ @ZezzebbulTheMysterious 2h \ parent \ on: Strategy Acquires 525 BTC and Now Holds 638,985 BTC bitcoin
No, Strategy is buying real Bitcoin. It’s reducing the float on exchanges.
They are selling IOUs, or not even that. They sell paper, which they use to buy real Bitcoin. The problem is not that they are buying Bitcoin…. We want entities to buy Bitcoin…
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0 sats \ 1 reply \ @DarthCoin 2h
They are selling the IOU of an IOU. Don't get drunk with water
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0 sats \ 0 replies \ @ZezzebbulTheMysterious 35m
Hey as long as the amount of coins is transferring from exchanges and weak hands to the strong hands, I don’t care who owns em. ETF, MSTR, Uncle Jim, your momma, doesn’t matter.
One can critique MSTR as an instrument, but as long as they are not increasing the coins in circulation, both the die hard cypherpunk hodler and Wall Street have aligned interests.
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