@nic_carter@0x_Abdul That’s not true. This is common practice. For example, endowments invest in VC funds, VC invests in private Co. private co goes public. Endowment shorts company with PB legally in order to hedge. Upon lockup expiry, endowment takes distribution in kind and closes out position.
@NoLimitGains This means nothing. If Jane Street were to collapse, which is very unlikely as their Crypto and VC businesses are very small relative to wholesale equity and option MM biz, some other asset manager would happily buy more Anthropic.
@shanaka86 @SabinaGugler Also, your October 10 reference is unfair and misleading. You quote liquidation totals across the entire Crypto market and draw comparisons to BTC specifically. This is not a fair comparison.
@shanaka86 @SabinaGugler BTC is liquid enough to easily handle $1b per year of sales from Strategy. And your point about institutional investors draining liquidity highlights that there are buyers. Bitcoin ETFs traded $11.5b on Friday. A reflection of this liquidity.
@ZFXtrading Dollar funding is becoming more expensive. No assets are being liquidated though to shore up balances. Borrowing just becomes a bit more expensive.
Happens every year-end as GSIBs look to raise cash for EOY. This year it’s more impactful than recent past though.
Idk man just look at it and join me in bull posting one of the greatest technological advancements of our generation
The only meme you have seen spammed all day everyday for the last 3 years straight whether it's in pure euphoria or the depths of hell
Just join me man please
@JoshMandell6 FYI - your holdings aren’t reported. They’re at National Financial, Fidelity’s broker/dealer. FMR reported assets are only the asset manager.