-
Is it "developed a system" so much as "continued taking the same one way bet"?
They aren't taking some new risk every time they buy more BTC. They just continually increase exposure, and this will seem like a good idea while prices are going up but a bad one if they don't sell before they go down again
andyfallsoff-
Is it "developed a system" so much as "continued taking the same one way bet"?
this will seem like a good idea while prices are going up but a bad one if they don't sell before they go down again
It is a system - they've refined it by using different ways to get the cash to buy bitcoin. eg selling more shares when they feel their own share price is overvalued. The hard bit was not buying the bitcoin, but getting enough money to have been able to buy the amount of bitcoin that they have done.
And they started in 2020 so they've been through a cycle.
frank9755
Sounds daft when you put it like that, but if you developed a system which enabled you to successfully run across the road with your eyes closed every day for four years and, in doing so, created nearly $30bn of shareholder value, I would be forced to conclude that you might be on to something!