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560 sats \ 0 replies \ @TheBTCManual 27 Mar 2023
Damn nearly 140k BTC MS is going balls to the wall while the going is good, dude's making it harder for us plebs to stack, but bless his heart for sticking to his guns
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583 sats \ 3 replies \ @faithandcredit 27 Mar 2023
This is bearish. Noone intelligent is going to look at this and be like "wow im going to buy too" all it does is it turns off people who are on the sidelines. "They dont want to buy bitcoiners bags. "
All microstrategy has to do is buy and hold 1 BTC, but thats too late now. Because buying and holding 1 BTC is an example most companies can follow. Not this degen bullshit.
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33 sats \ 2 replies \ @poe7645 27 Mar 2023
I have to agree. As much as on occasion I've understood his interpretation of Bitcoin he's a little too repetitive and relies on a lot of goofy metaphors for my preference.
Also putting so much credence on one man's conviction is pretty shakey ground to stand on. There are far better voices in the space, and getting giddy over one guy having so much from an outsider, non institutional player perspective isn't really bullish.
That being said good for him, and if this whole thing works out his entrepreneurial spirit may be a great boon to funding start ups in the space in the future.
"degen bullshit" is pretty accurate.
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33 sats \ 1 reply \ @m00ninite 28 Mar 2023
I'd say this is approaching mental illness. When is enough? Why are all CEOs seemingly addicted to chasing an ever bigger number, regardless of how many zeroes
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33 sats \ 0 replies \ @petertodd 28 Mar 2023
Why does all life want to reproduce?
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461 sats \ 0 replies \ @kenn_b 27 Mar 2023
Go Saylor go. This guy puts his money where his mouth is for sure.
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5 sats \ 5 replies \ @DarthCoin 27 Mar 2023
Saylor still don't have so many BTC as M.Popescu have.
(btw M.Popescu is not dead... as many think)
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326 sats \ 2 replies \ @siggy47 27 Mar 2023
I think Mr. Popescu should start donating some of that hoard to his fellow SN stackers.
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25 sats \ 1 reply \ @DarthCoin 27 Mar 2023
M. Popescu will be the last person on earth that will donate bitcoin...
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0 sats \ 0 replies \ @siggy47 27 Mar 2023
I figured as much, but 52 sats is at least something.
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0 sats \ 1 reply \ @snacktoshi 27 Mar 2023
https://bitcoinist.com/bitcoin-whale-mircea-popescu-passes-what-happens-to-his-1b-in-btc/
https://en.bitcoin.it/wiki/MPEx
https://www.coindesk.com/video/bitcoin-billionaire-mircea-popescu-reportedly-dead-at-41/
https://bitcoinmagazine.com/culture/mircea-popescu-bitcoin-writing
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0 sats \ 0 replies \ @DarthCoin 27 Mar 2023
he's not dead. He's just fine on an island...
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0 sats \ 2 replies \ @Louferlou 27 Mar 2023
ELI5 please :)
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332 sats \ 1 reply \ @kr OP 27 Mar 2023
they had a loan from silvergate that was backed by bitcoin collateral.
they’ve paid it off early (and at a discount), so now silvergate has given the collateral back to microstrategy.
to fund this loan repayment and to purchase the additional 6,455 BTC, microstrategy created and sold roughly $300m of new company shares.
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10 sats \ 0 replies \ @byzantine 28 Mar 2023
did they sell new shares and dilute or did they sell shares that were already issued but were held by the company?
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