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33 sats \ 2 replies \ @BlokchainB 6 Jun \ on: Davis Commodities Plans to Establish Bitcoin Reserves Stacker_Stocks
This business isn’t completely dead but it’s not profitable.
The balance sheet looks okay. They aren’t over extended and they have solid reserves
I think this is a better quality company that is making a prudent decision to protect its capital
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191 sats \ 1 reply \ @freetx 6 Jun
The interesting thing about BTC (bitcoin treasuries companies) is that they are the perfect play for zombie companies.
Usually its much cheaper to acquire some zombie penny stock than it is to go thru the regulatory hassles of getting listed in the first place.
It could probably even be crowd sourced pretty effectively.
  1. Get a hundred people together to put up 0.5BTC each
  2. Take a portion of the BTC and use it buy outstanding shares of zombie
  3. Once complete, deposit remaining BTC on balance sheet
  4. List new shares on market, since NAV exceeds price algos will scoop up new shares.
  5. Take funds and buy BTC
  6. Repeat
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0 sats \ 0 replies \ @BlokchainB 6 Jun
  1. Has to play out. Maybe in a bull run sure
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