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100 sats \ 3 replies \ @TheBTCManual 19 May
The its over 9000 meme is warming up for Metaplanet, but for real does anyone know what they do? Apparently it's hotels and Bitcoin magazine JP, at least MSTRs software business still grinds out something
I guess the JPY bond market is so desperate for vol to they're just going to keep offering that pipeline
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0 sats \ 2 replies \ @SpaceHodler 19 May
Apparently investors like "pure BTC plays", the less they do the better.
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0 sats \ 0 replies \ @TheBTCManual 22h
To me that's wild, when MSTR started I was like cool companies will do this and offer the BTC premium + industry exposure and companies in each niche would do this like you'd get Tesla with automotive, Rumble with media etc
Now with this 21 capital i'm just kinda bummed about the whole strategy, like I get the pipeline to vol for trapped capital but surely if you growing your balance sheet on steriods raising capital like crazy you could equally consolidate in your verticle like acquire competitors or expand your offerings, lower your prices to drive cash flow etc
Or am I on crack and this is just how business goes now
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0 sats \ 0 replies \ @Dkryptoenth 19 May
I think the more they acquire, the better.
Cos more acquisition, usage and Holdings increases the value of the coin.
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0 sats \ 0 replies \ @Dkryptoenth 19 May
Nice application of DCA by Metaplanet
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0 sats \ 1 reply \ @SatsMate 19 May
How is this degenerate behavior going to hold up in the next bear market???
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0 sats \ 0 replies \ @Dkryptoenth 19 May
When the market goes bearish, they'll stack up more thereby reducing their average total cost.
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0 sats \ 2 replies \ @hasherstacker 19 May
They're fiat maxi. Don't understand what Bitcoin really is.
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0 sats \ 1 reply \ @Dkryptoenth 19 May
They're investors, correct yourself
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0 sats \ 0 replies \ @hasherstacker 19 May
Ok. But why announcing it?
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