Interesting article.
Basically, while every other corporate has been 'investing' any spare capital and borrowings in buying back their own shares as a means to increase their EPS, he has used it to buy piles of bitcoin.
On the face of it seems like a smart move. Is it more of a pyramid than leveraged bybacks? I'm not sure it is.
Interesting article.
Basically, while every other corporate has been 'investing' any spare capital and borrowings in buying back their own shares as a means to increase their EPS, he has used it to buy piles of bitcoin.
On the face of it seems like a smart move. Is it more of a pyramid than leveraged bybacks? I'm not sure it is.