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Core idea is treasury co should be worth >NAV bc it has ability to arbitrage its own stock trading +/- NAV
He also describes later why it’s “heads I win, tails I breakeven” for private investors but a bad buy for public investors
So mostly these just monetize uninformed retail
15.7. klo 21.51
Why $1 of Bitcoin held by a public company is worth more than $1
🎙️ Ben Forman of @paraficapital
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