So it begins...
Tether + SoftBank + Bitfinex + Cantor + Jack Mallers announced Twenty One, a Bitcoin-native Company, expected to launch with over 42,000 Bitcoin and a mission to maximize Bitcoin Ownership Per Share.
At Tether and Bitfinex, we have always
Crazy to me that it $CEP ever gets approved and merges into XXI, they’ll have 2.1x more bitcoin than Metaplanet at a $15,000 per bitcoin lower cost.
Right out the gate.
Plus a speculative plan to cash flow and not purely rely on dilution-as-a-product (ATM) to acquire bitcoin.
$BTC long-term holders have already realized more profit this cycle than in all but one prior cycle (2016–17), highlighting elevated sell-side pressure. Taken alongside other signals, this suggests the market has entered a late phase of the cycle.
Wait you're telling me selling overpriced paper bitcoin exposure at a 2x premium to the market cost of bitcoin is not a viable long term business model?
Shit... $MSTR $MTPLF $SMLR
Mallers: If the founder of Tether, the largest stablecoin, prefers building a Bitcoin treasury company instead of an ETH one, why would anyone think ETH is the better choice?
The $500T use case for #Bitcoin? Capture the value you create today and bring it with you into tomorrow.
Every day you trade your hard work for something, hoping it will afford you the things you’ll need in the future.
Fiat is broken. Bitcoin is the fix
Just a reminder that bitcoin treasury companies are all a scam besides the few that have an underlying profitable business
There is no moat to buying bitcoin and selling equity to raise capital
Any retard can do this