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33 sats \ 4 replies \ @Undisciplined 18 Mar \ parent \ on: That Odd Bitcoin Treasury Company Ouroboro (Matt Levine, Money Stuff) econ

People have definitely mentioned that for the US via Strategy. Are you thinking about a scenario where Strategy takes their stash to another large state?

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81 sats \ 3 replies \ @freetx 18 Mar

Either another US or another country.

Basically it becomes more like a one-time very large OTC buy - now obviously shareholders would demand a premium over spot, so the question is does the premium shareholders demand work out to be less than what gov would pay in slippage trying to buy very large amounts on 'market' (OTC or not)

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33 sats \ 2 replies \ @Undisciplined 18 Mar

That assumes it's done in an above board way. There's also the possibility of some sort of seizure on some flimsy pretense.

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80 sats \ 1 reply \ @freetx 18 Mar

True true. More than likely carrot and stick.....investigate them via SEC simultaneously while negotiating a "settlement".

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53 sats \ 0 replies \ @Undisciplined 18 Mar

Very plausible.

I'm also thinking about how, if the seizure were ruled illegal after years in court, the damages would be based on the dollar value at the time of seizure. They wouldn't have to transfer the bitcoin back.

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