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My god, that would be amazing. 1. Coinbase raises money from the IPO. 2. Coinbase takes some of that money and gives it to Grayscale. 3. Grayscale uses the mon
by kinghajj 6y ago
My god, that would be amazing.
1. Coinbase raises money from the IPO.
2. Coinbase takes some of that money and gives it to Grayscale.
3. Grayscale uses the money to buy cryptocurrency... On Coinbase!
Not only do Coinbase shares appreciate from the increased value of assets on their balance sheet, but they earn some of their money back from fees, too. Just make sure that steps #1 and #2 have some delay, after any lock-up period.
And since Grayscale can only divest from its funds for fees and doesn't allow redemption, more cryptocurrency tokens get "locked" in the funds indefinitely, unable to affect the spot price.
- deeeeplearning 6y agoSo what you're saying is Coins go up?
- Bombthecat 6y agoSo, just like a stock buy back, just a bit more complicated..
- kgc 6y agoThey don't need Grayscale. They could just buy BTC themselves.
- devops000 6y agoWe invented BTC for not having a central bank, now the Central Bank could be Coinbase.
- lostmsu 6y agoBut it is not central in any way.