JerseyToughGuys
Tough Guy
I hear you, but they just placed a quarter billion dollar bet on BTC. The short term “marketing” pop becomes irrelevant when BTC doubles in price.That was my premise. When your stock is down 30% over 5 years and the market is up 70%, you get desperate. There probably will be, but something tells me this pop will wear off because they have been treading water for years and people who bought the stock thinking bitcoin will realize that if you want to invest in bitcoin you just invest in bitcoin.
Their marketing is working. I’m not in the bitcoin community and people (you) in the bitcoin community have spread their name. I would have bet even money that they didn’t even exist anymore.
their fate, and the fate of their shareholders, is now tied to BTC. That does tie back to your earlier point of some more cautious folks potentially looking at this as a way to hack door some BTC exposure. Worked for OSTK.
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