pull down to refresh
0 new comment
32 sats \ 5 replies \ @gmd 30 Dec 2024
Impressive that they haven't been able to move the price at all
reply
0 new comment
44 sats \ 3 replies \ @megaptera OP 30 Dec 2024
They do not actually buy bitcoin. They buy an IOU on bitcoin. No need to go to the spot market to buy paper.
reply
0 new comment
34 sats \ 2 replies \ @ZezzebbulTheMysterious 30 Dec 2024
This is not strictly true. Its moving from Coinbase Cold and Hot wallets into Coinbase Custody Hot and Cold wallets. Like moving your keys from the left pocket to the right pocket. Coin is moving here.
reply
0 new comment
44 sats \ 0 replies \ @megaptera OP 31 Dec 2024
Show me please
reply
0 new comment
33 sats \ 0 replies \ @Bell_curve 31 Dec 2024
and Fidelity Digital Assets
plus insurance in case of loss
reply
0 new comment
34 sats \ 0 replies \ @Satosora 30 Dec 2024
These must be "private" sales.
reply
0 new comment
33 sats \ 1 reply \ @987654321 30 Dec 2024
The honey pot continues.
I think it's great. Bitcoin is for enemies.
They are probably going to burn it and say, oh well, we tried.
reply
0 new comment
0 sats \ 0 replies \ @Akg10s3 30 Dec 2024
Actually π
reply
0 new comment
12 sats \ 1 reply \ @ca 31 Dec 2024
Funny how the nature of his investment strategy ensures that he buys much more bitcoin during all time highs and much less when it's near the bottom.
reply
0 new comment
0 sats \ 0 replies \ @Bell_curve 31 Dec 2024
the miracle of arithmetic
reply
0 new comment
41 sats \ 7 replies \ @Jon_Hodl 30 Dec 2024
I think Saylor is a fraud and doesnβt own that much bitcoin.
MSTR is a tool to distract people from buying actual bitcoin.
reply
0 new comment
82 sats \ 6 replies \ @grayruby 30 Dec 2024
That's an interesting take. That would be a significant case of securities fraud that would likely get him sued into oblivion by shareholders and potentially put in jail.
I am going to take the other side on that. If you want to argue they don't really own bitcoin because they custody it with Fidelity and Coinbase then I am compelled. I actually think it is much more likely that Coinbase is doing some sort of fractional reserve banking with Bitcoin than MSTR.
In terms of your second point. Absolutely.
reply
0 new comment
61 sats \ 5 replies \ @Jon_Hodl 30 Dec 2024
Yes, Iβm talking about Coinbase selling paper bitcoin but I think Saylor is part of a larger scheme that suppresses the price via fractional reserve.
reply
0 new comment
23 sats \ 4 replies \ @grayruby 30 Dec 2024
I really wish everyone would get their bitcoin off exchanges. These guys should be stress tested. What happens when 1M coins move in a week?
My guess is after a couple days they pause withdrawals.
reply
0 new comment
41 sats \ 3 replies \ @Jon_Hodl 30 Dec 2024
π―
reply
0 new comment
30 sats \ 2 replies \ @Satosora 30 Dec 2024
This paper bitcoin is becoming more and more worrisome.
Now that more companies are buying bitcoin, I think there is more potential for another big fraud to happen.
view all 2 replies
0 sats \ 0 replies \ @Bell_curve 31 Dec 2024
Despite the additional bitcoin buying and the Nasdaq inclusion, MSTR has been in decline since hitting an intraday high of $543 on Nov. 21.
reply
0 new comment
0 sats \ 1 reply \ @Akg10s3 30 Dec 2024
Your BTC purchase is progressing impressively π³
reply
0 new comment
0 sats \ 0 replies \ @megaptera OP 30 Dec 2024
would be nice if it was mine π
reply
0 new comment