Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Bitcoin/Ethereum/cryptocurrencies
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="johnnyunion" data-source="post: 4709625" data-attributes="member: 27167"><p>Not quite , Microstategies bought bitcoin quite a few months ago and more recently, probably around 500 million with excess funds. Now they’re borrowing to buy more. Micro strategies is a publicly traded company, not an institution.</p><p></p><p>Okay , I just skimmed your link and I see that institutions bought their bonds(notes) . That provides the fiat for micro strategies to buy the bitcoin. The institutions are getting no exposure to bitcoin through buying these bonds.</p></blockquote><p></p>
[QUOTE="johnnyunion, post: 4709625, member: 27167"] Not quite , Microstategies bought bitcoin quite a few months ago and more recently, probably around 500 million with excess funds. Now they’re borrowing to buy more. Micro strategies is a publicly traded company, not an institution. Okay , I just skimmed your link and I see that institutions bought their bonds(notes) . That provides the fiat for micro strategies to buy the bitcoin. The institutions are getting no exposure to bitcoin through buying these bonds. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Bitcoin/Ethereum/cryptocurrencies
Top