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@ DocStacks
2025-04-25 15:05:18
$XXI / $CEP: What happens when the market trades float, not fundamentals?
This is a live case study in SPAC reflexivity raised to the power of BTC. Today, CEP was trading 3–4× its fully diluted NAV — before the S-4 has even dropped.
We’re watching a float illusion play out in real time.
Scarcity + speculation + Bitcoin proxy demand = mania conditions.
The thesis evolves as the tape teaches.
The exit plan matters more than the entry thesis.
PDF summary below. Use it. Don’t become the bag.
Never Financial Advice. Educational and Informative Use Only.
#XXI #CEP #SPAC #FloatMath #Bitcoin #BTCtreasury #NAVpremium
https://m.primal.net/QcxM.jpg
https://m.primal.net/QcxO.jpg