At Metaplanet’s recent extraordinary general meeting (EGM) for shareholders, the company announced that it now holds 20,000 bitcoin and that it has plans to acquire 190,000 more within the next two years with the help of Metaplanet Prefs, a new preferred equity offering.
The weekly bitcoin price overview from your glorified price therapist, I’m here to remind you again that market prices move for reasons nobody can point to. Whatever bitcoin's price does means absolutely nothing for the broader reasons why we’re here.
With Bitcoin price holding above $113,000, Hong Kong-based Ming Shing Group Holdings announced plans to acquire 4,250 BTC for $483 million at an average price of $113,638 per Bitcoin through convertible notes and warrants.
Bitcoin treasury companies can no longer rely on holdings alone to stand out. Jurisdiction, capital strategy, and leadership now define shareholder trust and mNAV.
With bitcoin treasury companies bringing Wall Street into hype mode and new Saylor contenders launching weekly, what's a Bitcoiner supposed to do? At this, our fiat end times, mNAVs games and regulatory arbitrage are either a recipe for disaster or the blueprint for unbelievable wealth.
I recently sat down with Preston Pysh to discuss bitcoin and all these companies with bitcoin treasuries popping up. I had no idea he would completely change my mind on what they do.