we're dca'ing bitcoin https://block.xyz/documents/bitcoin-blueprint.pdf
Login to reply
Replies (54)
π«‘
Cool
But how much is 10% of gross profit roughly?
"our new corporate balance sheet dollar cost average (βDCAβ) program, under which
each month we will be investing 10% of Blockβs monthly gross profit from bitcoin products into purchases of bitcoin for investment"
Nice.
Bout time!
#plebchain
View quoted note β
View quoted note β
βWe view bitcoin as an instrument of global economic empowerment; it is a way for individuals around the world to participate in a global monetary system and secure their own financial future. Weβve chosen to open source this documentation to clearly articulate the process behind our purchase as others consider similar moves."
Yβall still have fiat? Thatβs crazy
Bravo π
GOAT shit π«‘
There's a footnote at the bottom of the second page that says for April the total purchased was $4.4 million, and I'd imagine that's a usual month.
This is the way
Are you the new Saylor?
Why not Monero?
this is why Iβve been DCAβing $SQ
Bout time
Great letter @jack
AND highlighting NOSTR
π
Follow the money
blooming
anyone, company or individual, should be dcaing a good portion of their excess income. if anything, 10% seems a bit to conservative if it was me
Yes. π― Money where your mouth is.
fkn legends! πͺπ½ 
@jack Thank you. Your courage is truly inspiring!
Nice and block wonβt try to develop shitcoins on Bitcoin like that other company.
This is the way.
You canβt be seriousβ¦ You think shareholders would like that?
Back of the envelope numbers: Based on current Gross Profit and Bitcoin price, Block will be soaking up 10% of all new bitcoin produced by miners.
@jack = LEGEND
My bad, 10% of all bitcoin related gross profit, not total gross profit. Still awesome though!
π nice
great said π«
"We believe the world needs an open protocol for money, one thatβs not owned or controlled by any single entity," Dorsey said in the note.
Took me a while, thought you were speaking klingon
Hey Jack , have you ever considered doing an airdrop of runes to increase nostr activity or incentivize it.
β€οΈβπ₯
π«‘
Awesome!
Nice!
awesome
WOULD HAVE BEEN NICE TO GET A CITATION.
https://werunbtc.com/thesis.pdf
Jack, the world is a better place because of you.
It only has value if you sell it for fiat.
Thank you for sharing this information.
sh,ss
Thank you for sharing the details so that other companies and funds can leverage your learning and benefit from these new models.
Legend
And a far worse place too. Is your memory that short?
we're dca'ing #Nostriga agenda submissions
View quoted note β
Finally!!!
Just out of curiosity: whatβs the main reason for only starting with this now?
You're taking an insulting and unhealthy approach to relating, and additionally, I wasn't talking to you.
Looking at this cause Iβm studying financial accounting at the moment. Sort of get this now. Bitcoin is defined as an indefinite-lived intangible asset and falls under Intangibles - Goodwill on a balance sheet. Cool, that means you canβt separate it from Block, it is embedded and part of its soul:) Fair value is gonna change heaps though.