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@ Adam
2025-05-14 14:01:53
This is not good PR, whether he’s right or wrong. Doesn’t send a strong signal that he knows how to run a company. If a utility or Coke stopped issuing dividends, their shareholders would revolt. That’s why they’re there. But if Berkshire Hathaway issued a dividend, its shareholders would lose confidence in its management.
For Bitcoin Treasury Companies to maintain support of its retail shareholders, Bitcoin must never be sold. In this case, less than 2% of all shares are listed, right? This stock doesn’t seem to be for regular people or follow the ethos of a P2P system. Bitcoin was supposed to be for the people, and this is a reminder it’s moving further away from that.
But then again, Bitcoin is for enemies and Bitcoin doesn’t care.
https://x.com/davidfbailey/status/1922499597173150062?s=46