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Oh cool, they have a Naka-style stack?? Oh lord
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Wait, NAKA is selling bitcoin upside like a fiat maxi too? Or just selling bitcoin?
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Just selling BTC (to survive, lol)
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Actualy you may have been more accurate than you intended to be, I just found out one of their recent investor news releases talks about selling calls on part of their stack.
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yeah, that too. Now that you mention it, I was aware :)
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They're using it as collateral for a covered call option at Coinbase.