“…there is nothing new in Wall Street….Whatever happens in the stock market today has happened before and will happen again.” - 1923 | not investment advice
This issue isn’t the type of vehicle they’re trying to sell, it’s the liquidity. Look at volume on $SATS. It’s shrinking post-IPO:
They cannot realistically raise a material amount of capital to buy more BTC unless volume ramps up massively on SATA…or they tap the common ATM…
Analyst #3 is like 1 part greatest primary research analyst ever, 1 part Sherlock Holmes and 2 parts Hemingway. Some of the writing is just absolutely off the charts: