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Another “Bitcoin Believer” to Follow Saylor's Lead?
Read in The Information that David Bailey, who advised the Trump campaign on crypto policy, is planning to raise $300 million to start a publicly traded Bitcoin investment firm. The goal is clear - to replicate MicroStrategy's ($MSTR) model of “long BTC + inflated market capitalization”.
He plans to raise $200 million in private IPOs and $100 million in convertible bonds, which, to be honest, is almost identical to Saylor's logic. It also illustrates a trend: more and more institutions are starting to view BTC as a long-term core asset, rather than just a small allocation of “digital gold”.
Against this backdrop, I'm also keeping an eye out for companies that actually “have coins on hand and keep digging”, such as $CANG (NASDAQ:CANG), which produced 530 BTC in March, has seen its total position rise to 2,475, and has been added to Bitwise's Bitcoin Standard. Bitwise's Bitcoin Standard Inc ETF (OWNB). It's not the biggest volume, but it's going pretty steady, and with a more decentralized global layout, it's much less risky.
#cryptocurrency
Read in The Information that David Bailey, who advised the Trump campaign on crypto policy, is planning to raise $300 million to start a publicly traded Bitcoin investment firm. The goal is clear - to replicate MicroStrategy's ($MSTR) model of “long BTC + inflated market capitalization”.
He plans to raise $200 million in private IPOs and $100 million in convertible bonds, which, to be honest, is almost identical to Saylor's logic. It also illustrates a trend: more and more institutions are starting to view BTC as a long-term core asset, rather than just a small allocation of “digital gold”.
Against this backdrop, I'm also keeping an eye out for companies that actually “have coins on hand and keep digging”, such as $CANG (NASDAQ:CANG), which produced 530 BTC in March, has seen its total position rise to 2,475, and has been added to Bitwise's Bitcoin Standard. Bitwise's Bitcoin Standard Inc ETF (OWNB). It's not the biggest volume, but it's going pretty steady, and with a more decentralized global layout, it's much less risky.
#cryptocurrency
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