-
If you asked the average CEO if their business would best served by pumping all available funds in to bitcoin rather than re-investing in the company you may not get the response of "On the face of it seems like a smart move"
Sumo-
On the face of it
This is a pretty a strong term and I'd interpret it to me, pretty stupid but got lucky, for now.
-
re-investing in the company
Buybacks are reinvesting in the company only in a financial engineering sense, it's not investing in productive capacity or anything useful. They are aiming to push up the share price.
I'm not a banker, but both are investing in a financial asset, rather than in productive capex, to increase their share price. I don't see such a big difference.
If you asked your CEOs if they wish they had invested in bitcoin rather than in buying back their own shares you might not get the answer you are assuming.
skinny
frank9755
You think Saylor would have been better off to have done share buybacks...?