JaakkoMultanen on Nostr: MSTR is a public company and as such it is of course "state sanctioned". That doesn't ...
MSTR is a public company and as such it is of course "state sanctioned". That doesn't mean there would be any shady backroom plans going on.
They've just actively played by the rules the whole time. Public companies have no other choice and are kept in check by the financial system every step of the way. That's the nature of being public.
I'm not saying this to defend MSTR (don't own any, and I don't like that much BTC concentrating in any one entity), just an observation.
I see MSTR as a test of the US justice system. If it holds, the BTC indirectly owned by those who own MSTR get to keep their price exposure to BTC. If it fails, it has to fail in a lot of different, major ways for MSTR to implode. Extremely unlikely, but not impossible.
The only exception to the above would be if the BTC gets technically pilfered somehow. That's probably the biggest risk, and difficult to quantify as we don't know how the BTC is secured.
They've just actively played by the rules the whole time. Public companies have no other choice and are kept in check by the financial system every step of the way. That's the nature of being public.
I'm not saying this to defend MSTR (don't own any, and I don't like that much BTC concentrating in any one entity), just an observation.
I see MSTR as a test of the US justice system. If it holds, the BTC indirectly owned by those who own MSTR get to keep their price exposure to BTC. If it fails, it has to fail in a lot of different, major ways for MSTR to implode. Extremely unlikely, but not impossible.
The only exception to the above would be if the BTC gets technically pilfered somehow. That's probably the biggest risk, and difficult to quantify as we don't know how the BTC is secured.