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0 sats \ 1 reply \ @DarthCoin 22 Sep \ parent \ on: Sunday Survey: Are Treasury Companies Good for Bitcoin? bitcoin
IF are really holding real bitcoin and not IOUs. Just bragging online that X company added x BTC into their reserves (in fact IOUs from x exchange), it means only virtue signaling to pump their bags, nothing else.
Instead... all these companies could just announce that they accept BTC as payment (and keep it as reserves) and everything will be mush better for everybody.
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0 sats \ 0 replies \ @justin_shocknet 22 Sep
It has a function on balance sheet so that they can issue debt against it, debt that gets bought by insurance companies and pension funds as does the equity... like an ETF but with a different legal structure
It's basically a loophole for some institutions, stupid but necessary for large amounts of stranded capital
Everything comes with grift of course, but Saylor did legitimately exploit a capital market loophole
Most of the other ones are different markets/countries
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