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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future. Parent comment

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by sygma on Monday February 08, 2021 @09:58AM (#26065313)
> businesses start hoarding crypto tokens instead of investing in building stuff

Share buybacks. Tech businesses are buying their own shares to pump the stock price (and their options' value) rather than investing in building stuff.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by BenoitEssiambre on Monday February 08, 2021 @10:14AM (#26065558)
Share buybacks end up reinvested. This is not the same.
[ Parent | on HN ]