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thedefivillain
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What happens once the smaller
BTC
treasury companies trade at a discount to NAV ?
Saylor can buy them and increase the BTC yield of his company "for free"
#BTC
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thedefivillain
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Think about each time $BTC ran up +20% in like a week Next time this happens... will you be positioned accordingly ?
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Thousands of companies will start buying BTC with their cash treasury Most won't raise debt and run the MSTR playbook Higher
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If you wanted $BTC to succeed, there was no way to avoid its ETFisation and Saylorisation. Unless "succeeding" is being like Monero, an asset which I like a lot, but that is worth $6bn in market cap.
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Stop looking for to signals for your own sake (Unless you're all-in altcoins)
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Average purchase price of Saylor last week : $104,080
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