Yeditwit

[Yeditwit @Yeditwit]

@StockRetail https://t.co/GblTqljVlq

Did an AI search on the whole thing yesterday that may offer additional information from current public’s data.

[Yeditwit @Yeditwit]

🧵 1/ I dug into Robinhood’s AMC Stock Token after Friday’s bizarre trading. Important: these tokens are NOT AMC shares. They are debt securities issued by Robinhood Assets (Jersey) that provide economic exposure to AMC but no AMC shareholder rights.

[Yeditwit @Yeditwit]

UPDATE: The ~1.5M token supply cited above was an earlier Friday snapshot. On-chain data now shows ~2.896M AMC tokens outstanding. That means supply grew from ~157,844 to ~2.90M—about 2.74M additional tokens, or more than 18× the original supply.

[Yeditwit @Yeditwit]

🧵 1/ I dug into Robinhood’s AMC Stock Token after Friday’s bizarre trading. Important: these tokens are NOT AMC shares. They are debt securities issued by Robinhood Assets (Jersey) that provide economic exposure to AMC but no AMC shareholder rights.

[Yeditwit @Yeditwit]

4/ Then something even more interesting happened: AMC token supply reportedly exploded from ~157,844 to ~1.5 MILLION tokens in about 18 hours. As new tokens entered the market, arbitrage drove the token price back toward actual AMC.

[Yeditwit @Yeditwit]

@Yemcaster The T+1 may apply to the authorized participant. 🤷‍♂️

[Yeditwit @Yeditwit]

15/ The key question: when ~1.34M new AMC tokens appeared, what backed them? Were real AMC shares bought, already held, borrowed or still settling—and when? Answering that would tell us much more about how this token market interacts with AMC price discovery.

[Yeditwit @Yeditwit]

14/ There’s also a timing issue. U.S. shares settle T+1, while Robinhood can recognize shares/rights to shares still in settlement as collateral. Could tokens therefore exist before the corresponding AMC shares fully settle? What happened Friday?

[Yeditwit @Yeditwit]

@FinancialCrux This was useless. Vague and repetitive. Listen to many of these, hadn’t for a while. It could have been covered in a 160 characters.

[Yeditwit @Yeditwit]

@Thrillhouse747 @cantonmeow Had the same thought….