I have chosen to take the other path. Next week I will be deploying 500k into Bitcoin. All in. Every last dime. I think the bear market is telling us that it doesn’t matter if wall street has ETF or flashy vehicles. It will wreck those people as well. All in. Every last dime. God speed, and to all a goodnight.
We found the WORST performing BTC treasury company.
Nakamoto bought ~$679 MILLION of BTC at an average price ~$118K - and held it all the way down. They’ve lost about $224 Million in less than a year, selling only 284 BTC at ~$70K 3 months ago.
Now, they’re down over 35% on their BTC holdings, and their stock price is down 99.4% from $1,000 to only $5.60.
The deal is done. A quick impact analysis-
Nakamoto holds ~ 5,064 BTC.
At $73k BTC, that’s ~ $370 million.
To access 3% yield on their Bitcoin, they’d need to acquire ~ $18.5 million in blockstack:native.
Millions of dollars in buying pressure is coming to @Stacks in the coming months. 🟧
BIG news.
@UTXOmgmt, the Bitcoin native asset management arm of Nakamoto Inc., is the inaugural participant in Bitcoin Staking on Stacks.
This means institutional BTC earning BTC yield, without ever leaving the base layer.