• @explodicle@sh.itjust.works
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    61 month ago

    But now they’re essentially just a bitcoin proxy, they even changed the logo to have a bitcoin on it.

    Now that there’s lots of ETFs and stuff, why buy Microstrategy and not just bitcoin?

    • @finitebanjo@lemmy.world
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      21 month ago

      If you own a share of meta then you own a share of meta and meta owns a mix of assets ranging from physical to various liquidity, whether its USD or BTC there isn’t any difference in this regard.

    • @infinitesunrise@slrpnk.net
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      1 month ago

      Their value-add is that they financialize their bitcoin holdings to grow their bitcoin-backed shares faster than the bitcoin itself. Higher risk than just holding bitcoin or ETFs that just hold bitcoin, but something like 30-40% better returns.

      In good times. We’re yet to see how they do in a bitcoin winter.

      • @hark@lemmy.world
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        01 month ago

        What does “financialize their bitcoin holdings” mean? Do you mean they use leverage (i.e. debt) to buy bitcoin than they could otherwise? That’s nothing new and is a common ETF strategy (see BITX). And yeah, it also means the bad times hit much harder.