So weird that $1B worth of Bitcoin is less than 20k BTC now... I guess if you're MicroStrategy you have so much BTC already that you don't really mind if someone tries to frontrun you... because you're already frontrunning them with all the stake you bought beforehand.
Plus... isn't that $1B not even their money? They are basically letting the world frontrun institutional money that doesn't even belong to them.
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Good point. Technically they are letting everyone front-run the investors of the notes. It will be interesting to see how long they can keep doing these... I suspect this won't be the last...