Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
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.
They issue “convertible notes”, which this coindesk article explains far better than I could because I am not a finance head and honestly do not fully understand them.
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.
They issue “convertible notes”, which this coindesk article explains far better than I could because I am not a finance head and honestly do not fully understand them.