Mar. 16 at 5:59 PM
$ABTC If I put my rose colored glasses on, put myself in those meetings, apply logic and experience running businesses:
They believe BTC is only goin up, & are treating current discount as life or death accumulation opportunity. Hord now before the door closes and BTC is
$100K+. If BTC goes to
$150K the current dilution won’t matter, stock will re-rate violently (as long as they pause dilution at some point). Their words: "Every decision we make is oriented around maximizing Bitcoin accumulation." Insiders are buying & believe. They’re purposely using equity as capital, best to go through pain now than wait for
$100K+ BTC. The
$1.00/share floor is being defended by them internally right now by timing dilution on/off.
If above is true, they’re controlling stock price. IDK when they’ll set it loose. They could continue diluting w/BTC at
$100K,
$120K,
$150K,
$500K+…? they’ll do this for as long as they believe they’re accumulating BTC relative to its true value.
