Weekly Roundup 11/28/24 (OFAC loses vs Tornado, Cantor owns some Tether, More OCP2.0, Who we’re thankful for) (EP.578)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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Matt Walsh and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and those may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only. Brought down by Bad Mortgage Investments, Leh
federal government is stepping it to stabilize Fannie Mae and Freddie Mac, the 2 mortgage giants that have been threatened by the housing crisis. The Bank of England has pumped £75,000,000,000 more to Britain's ailing economy with a new round of quantitative easing. You
print a couple
$1,000,000,000,000 and all of a sudden people start to worry. So out of this worry, we have
Welcome to On the Brink. I'm Matt Walsh. Bitcoin.
And I'm Nick Carter. And
this episode is brought to you by Coin Metrics, and here is the Metrics Minute.
For today's Metrics Minute, we're looking at MicroStrategy's recent performance in Bitcoin strategy. So MicroStrategy has been one of the best performing stocks in equity markets, delivering 700% returns since 2022 and 460% year to date. My goodness. They have 386,000 Bitcoin in their treasury that's worth 37,000,000,000. They're the largest corporate holder of Bitcoin. They hold 1.9% of the Bitcoin supply. The stock trades at a 2 and a half times premium to the net asset value, in case you're wondering if it's a buy. Its bitcoin acquisitions are funded through these convertible bond offerings
Well, we have a new main character, I guess. If there was any doubt, it is MicroStrategy.
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