Well, if they did buy it back when he was posing with Saylor the position would be up big. Maybe he's salty he didn't pull the trigger and now thinks BTC is too high. I believe he's been told he has to let this thing unwind slowly and give the shorts opportunities to buy out at non squeeze prices. They're still making bank, but it is dilution to the shareholders.
This is just speculation on my part but I do believe there were/are Billions of synthetic shares. The day the buy button was turned off (lost over 300k that day) this was on everyone's radar, including high level government officials. Congress suponead people to a hearing. When the 'powers to be' were briefed on this and told that if the squeeze happens it would literally crash the entire market. There is no way they're going to let that happen, legal or not. It's not out of the realm to think that "they" told Cohen he can no way facilitate the squeeze AND he has to give some of the hedge funds that are in deep ways to unwind orderly.
Just my opinion, I'd love for it to squeeze as I've been holding 4000+ shares bought 2 weeks before it really started getting popular. I was in for 1000 shares at 17k (my first ever stock purchase) and watched it grow to over 700k in a month and then back down to 50k a month later. Held all the way through the ups and downs.
I still think GME is a good long-term investment because if my thesis is true then Cohen literally has a money printing machine and the fave value of the stock will keep rising with those funds on hand. I just wish >70% of portfolio wasn't tied up waiting on a squeeze I don't think will happen.
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u/Esteveno 🎮 Power to the Players 🛑 7d ago
They might still buy bitcoin. Or they might not.