this post was submitted on 01 Mar 2025
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Buttcoin
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Did the total amount of money spent on the coin add up to 12 billion dollars? If not, then they didn't 12 billion dollars.
Fucking speculation value is bullshit.
I've sold 15 yougurts this year, I value my dairy company at 300 billion dollars...
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by your CFO who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on six more.
What could six cows cost? one egg?