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Dr. Jeff
@DrJeff
I would have recommended that #GME buy a significant supply of #bitcoin first with a part of their $4.5B+ as a treasury reserve asset, but here we are.

Otherwise, they will likely follow the #MSTR playbook to a tee.

Milking the public bond and equity markets to buy #bitcoin... You love to see it.

I'm here for it.

Onward and upward as Bitcoin consumes Wall Street from the inside out.

https://seekingalpha.com/news/4425452-gamestop-announces-proposed-private-offering-of13b-of-convertible-senior-notes
174❤️42🤙10❤️3火1
Jeremy Brackett · 55w
Why not both? Issue the convertible bonds and use cash on hand to buy a big bag up front.....
MAV21 · 55w
It’s hard to tell what will happen when not enough supply will satisfy the demand
Pleb34 · 55w
Yes, but the interest rate they get on their cash is greater than the interest rate they have to pay out on the bond.
Resonance Cascade The II · 55w
Let me guess, they will "custody" at Coinbase?
Arthur Morgan · 55w
Market didn't seem too happy with the announcement
Arthur Morgan · 55w
Might pick up a few more while cheap
nicnym #BIP-110 · 55w
Pretty big miss imo Who is going to buy that debt? They have zero Bitcoin as of now
MAV21 · 55w
Shouldn’t companies just focus on be profitable and saving that money in bitcoin instead of taking on debt. Or am I missing something.
Arthur Morgan · 55w
Do you think it will be fully subscribed?
Casey R · 55w
The comments on that post are hilarious. As Jeff Walton says "bitcoin bewilderment is intensifying".
Chad K · 55w
Would add to sentiment if they throw a few billion of their cash in + the CB. GME HODLers about to find out what the CB arbitrage does w an initial dip in price due to their up front short hedges. I’m here for it
Bitcoin Landlord · 54w
Maybe they did https://image.nostr.build/9352d9b0db648c23188388a7c6a5529af86f9bd9ea760d4f143021cfcd27daf2.jpg