Bitcoin treasury companies (BTCTCs) are deploying their capital to buy bitcoin in one of two ways. Lump sum or DCA. I would argue it’s better for a BTCTC to buy lump sum at their size (like Strategy $MSTR or Metaplanet $MTPLF). Some other companies like Smarter Web $SWC $TSWCF prefer to DCA over the short-term, hoping to get a lower average price. DCA works with smaller sums but eventually Bitcoin will run and shareholders will be affected by eventually buying at a higher price. Picking up pennies in front of a steamroller. Thoughts? Any interest in Bitcoin treasuries here on nostr?

GM! Enjoy your Saturday. Here I just brewed an espresso on the Moka pot. Sip sip. #coffeechain #plebchain #grownostr #gm

This is really well done. Great work!

I can start posting more about it! Is there a “Communities” feature here on Nostr like on Twitter/X?

I assume you had the opportunity to invest in the PIPE? If so, I get it. I’m still not exactly sure what $NAKA does, I think it’s be a BTC treasury + actively buyout smaller companies and make them btc treasuries as well or just use their cash flow to fund NAKA’s BTC treasury holdings (like a Berkshire Hathaway)?

Wow, I thought I was alone in feeling this way. I would add birthdays to the list. I will say when I’m “forced” to go, I usually enjoy myself and I’m glad I did it. Except clubbing, always hated it and couldn’t wait for it to be over. Mostly because it eventually ended with someone getting in an argument or fight. That and I was always cheap so spending $200+ on a $40 bottle of whatever we were drinking just to get a table (VIP) always hurt lol.

Looks great!

Thanks for the reply. Good points. Valuation is in the eye of the beholder/investor. The value investor will see opportunity on the lower mNAV. The growth investor will see opportunity in the higher mNAV which generates a higher BTC yield. Most mNAV calculations are simplified and don’t take debt or cash into account (effectively EV - enterprise value). Investing in LBE’s is a really interesting exercise.

GM! Sometimes I spend time and really think about where I am, where I want to be, and the gap in between the two. Sometimes difficult decisions are required to make the leap to cover the gap. There’s a chance I’ll miss and fall on my face but the reward if I make it would be worth the attempt. These difficult decisions are easy to put away for a later time but you miss opportunities. Cheers to the risk takers out there. I don’t think there are as many of us as I thought. I kind of envy those seeking safety at times, there’s a comfort in it but to me the biggest risk to safety is being too comfortable. Bitcoin helps see life from a different angle. Hope all the #nostriches are having a great day and better week! #plebchain