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70 sats \ 4 replies \ @grayruby 2 May \ parent \ on: Block plunges 20% as Cash App miss triggers downgrades Stacker_Stocks
They hold very little relative to the size of the business.
Stock might be a decent value at these levels.
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40 sats \ 3 replies \ @BlokchainB 2 May
Yeah they didn’t go crazy with it but look at their competitors (PayPal, SoFi, Robinhood) they have way more bitcoin then they do and plus they have the POS business. If Bitcoin ever becomes a MOE they have the corn and the tech to capture fees paid with bitcoin.
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122 sats \ 2 replies \ @ek 2 May
Is holding bitcoin a moat if anyone can buy bitcoin?
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52 sats \ 0 replies \ @grayruby 2 May
If no one else will, sure.
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0 sats \ 0 replies \ @BlokchainB 2 May
Yeah because bitcoin they buy and hold is bitcoin another company can’t access.
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