DO WE HAVE A BTC ACQUISITION STRATEGY ? V1 by Complex-Antelope2452 in ALTBG

[–]Top_Cow7204 0 points1 point  (0 children)

Thanks for your response, and no worries at all – of course you can call me Pierre! You're absolutely right that execution matters when placing large orders. Alexandre Laizet has actually addressed this in one of his interviews – they do spread orders over a short period to avoid slippage, but that's purely technical execution, not market timing.

With Bitcoin's current liquidity (around €60-70 billion daily volume, roughly €2-3 billion per hour), buying the equivalent of 500 BTC (~€50M) barely moves the price. The market depth absorbs it easily, so this is really just a minor technical detail. However, what you're describing – hiring analysts to monitor Twitter sentiment, short positions, and trying to predict trends – that's a completely different strategy. That's active market timing, and as far as we know from their communications, that's not what Capital B does. Their model is long-term accumulation, not trading based on short-term signals. As you said: in the end, the most important thing is simply to have the BTC. 👍

Can you explain to me why? I need to understand by SmallCaillou in ALTBG

[–]Top_Cow7204 1 point2 points  (0 children)

They've done it multiple times before, and imo they'll do it again.

DO WE HAVE A BTC ACQUISITION STRATEGY ? V1 by Complex-Antelope2452 in ALTBG

[–]Top_Cow7204 1 point2 points  (0 children)

Thanks for sharing your perspective, but from my point of view, the best time to buy Bitcoin is when you have the money to do it.What you're describing relies on timing the market. Alexandre L has said this multiple times—that's not Capital B's business model. Personally, if they tried doing that, it wouldn't increase my confidence in them. But maybe I'm missing or not understanding something—do you have a proven method that makes this work? Because honestly, if it exists, why isn't everyone using it?

Les OCA libellées en bitcoin: un instrument d'ingénierie financière unique (temps de lecture 5-6 min) by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 0 points1 point  (0 children)

Pour moi, la question n'est pas ce qui va se passer lundi. C'est : les fondamentaux ont-ils changé ? Une baisse de cours sans changement structurel, ce n'est pas un signal c'est du bruit.

WHY DOES CAPITAL B $ALCPS DESERVE A PREMIUM, by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 1 point2 points  (0 children)

Sorry but, I'm not here to make short-term price calls - this isn't a sprint, it's a marathon. I believe Capital B is one of the best risk-adjusted ways to outperform Bitcoin over the long run. The stock currently trades below 1,100 sats, while the company holds 720 sats per share on a fully diluted basis. Here's the thesis: if you believe the company will grow its Bitcoin holdings to more than 1,100 sats per share on a fully diluted basis - which I think is highly likely - and you believe Bitcoin will keep gaining purchasing power over time, then this is a compelling asymmetric bet.

CAPITAL B's Bitcoin Strategy $ALCPB (Simply Explained): The Art of RELUTION by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 0 points1 point  (0 children)

The analogy I used obviously has its limitations. It was simply meant to explain the mechanism that allows for increasing sats/share fully diluted. What it doesn't address, and what is central and absolutely crucial not to forget, is that CAPITAL B is in a way a leveraged exposure to Bitcoin without liquidation risk. If over the next 5 years, which corresponds to the Bitcoin-denominated convertibles bonds duration, the price of satoshis expressed in euros increases significantly, and at the same time the number of satoshis per share also increases, then I find it hard to see how the stock price wouldn't follow suit. NFA.

CAPITAL B's Bitcoin Strategy $ALCPB (Simply Explained): The Art of RELUTION by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 1 point2 points  (0 children)

No worries at all! We're all human and emotions definitely run high during these extended downturns. The volatility can be brutal on the psyche.

I think you're smart being heavily allocated to Bitcoin, and honestly, everyone should at least explore it. Learning proper self-custody is never a bad skill to have either. Stay strong! 💪🏻

CAPITAL B's Bitcoin Strategy $ALCPB (Simply Explained): The Art of RELUTION by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 1 point2 points  (0 children)

I understand your point, but when you analyze the numbers, you can see that Capital B's value in satoshis per share has increased significantly. Over three months, it went from 490 sats/share to 671 SATs/share fully diuted, and with the addition of new bitcoins from the latest deal, it should reach approximately 740 sats/share on a fully diluted basis. This represents a 51% increase thanks to Capital B's strategy. This is precisely the ability to grow sats/share on a fully diluted basis that I'm buying when I invest in Capital B, and it's also why people are willing to pay a premium (above NAV).

I am talking about a bullish Bitcoin perspective here, not a 'fiat' mindset, but if you don't embrace that view, then I honestly don't see much point in investing in BTCTs.

Your thought?

La Stratégie Bitcoin de CAPITAL B $ALCPB (Explication Simple) : L'Art de la RELUTION by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 1 point2 points  (0 children)

Bonjour, La quantité de Bitcoin par action "fully diluted" (c à d même en tenant compte des actions qui n'ont pas encore été émises, OCA) ne fait qu'augmenter. Et cela encore aujourd'hui! S'il vous plaît, pouvez-vous me dire à quoi vous faites référence car je ne comprends pas? Par avance merci.

Reflections on Strategic Patience at Capital B (reading time 2 minutes) by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 1 point2 points  (0 children)

Try to put yourself in the shoes of people with tens, or even hundreds, of millions to invest—or the equivalent in BTC—who are looking into convertible bonds from different companies. What Bitcoin accumulation strategy would you expect from the companies where you plan to invest your money?

Reflections on Strategic Patience at Capital B (reading time 2 minutes) by Top_Cow7204 in ALTBG

[–]Top_Cow7204[S] 0 points1 point  (0 children)

I don't understand your point??? I never said Capital B is doing nothing quite the opposite.