I did not know it was already out, and it's doing very well Did you buy some? I got into CEP (xxi) but did not buy low
started buying yesterday when in the 50s. its 75 now. Was planning on holding long term but maybe there's shenanigans going on.
I don't think there are shenanigans, since they have SEC disclosures and pretty simple business model, Solana treasury strategy via acquisition through (convertible) debt issuance, ATM share offering, other methods It's one of the CEP (xxi stock symbol after SPAC) selling points, they are a pure (bitcoin) treasury strategy as opposed to others (selling video games, a hit to GameStop) Solana has unlimited supply just like Eth, no end of date on inflation, but it's not as bad as it sounds, as Solana has natural buyers (on-chain) Yield farmers, i.e. liquidity pools, staking - borrow/lend and collateral (on-chain) Node operators for Proof of Stake blockchain validators (on-chain) hodlers, using Sol as store of value or long term hold for NGU We're all still waiting for the blow-off top of this bull market cycle in cryptos, and it will be interesting how this Solana mstr-clone could really take off as TradFi and retail are able to participate Remember during the 2021 crypto bull market when Solana went from $3 (SBF famous Tweet "I'll buy as much SOL has you have, right now, at $3. Sell me all you want. Then go fuck off.") and Solana shot up to $250 within 6-10 months A similar move, even a 1000% move on Solana Sol with this stock market JNVR (or whatever the symbol may be if it's a SPAC now) Imagine how the stock market will react to this stock going up 50, 100% daily or weekly, lol, just more fuel to the NGU fire onchain PS: I have no position on JNVR, fully allocated to Bitcoin treasury strategy (stock market) plays right now