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63 sats \ 4 replies \ @siggy47 20 Nov 2024 \ on: What do you think of Michael Saylor’s “sell debt, buy bitcoin” method? bitcoin
Because it's a publically traded company, it has been given a valuation premium above the fiat value of the bitcoin it "owns." (If you trust coinbase). It is a toy for hedge funds to play with volatility. How long Saylor can keep all the balls in the air is anyone's guess.
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I'm not certain, but I think coinbase is the main custodian for all the big corporate entities. I think the fact that it is a public company supposedly adds credibility.
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That's a great site!
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