@King0ftheCharts@saylor@fundstrat The only bullish catalyst im hoping for crypto next week, is that the SEC filling shows microstrategy been selling a bunch of Bitcoin, sitting on Cash to fund that dividend STRC
Bitmine is actually different here king, they are allow to stake and the yield is lower that MSTR -
@TheOrionEngine this mean nothing when you consider the fundamental catalyst of:
- Oil price going to rise and strait close - rising inflation - rising rate hike
- spacex IPO, capital absorbtion
- biggest bitcoin entity have a ponzi scheme yield 11% and now obligated to sell btc to fund dividend
@DamidongFTW@joey_alpha_@saylor When an entity that reknown for never sell an asset, sell an asset to fund their stock dividend it does spook the market
๐ฅTOM LEE & BITMINE JUST FILED FOR A STRC STYLE PREFERRED STOCK
Bitmine is offering 3,000,000 shares of 9.50% Series A Perpetual Preferred Stock.
That is a potential $300M preferred stock raise with weekly cash dividends.
Strategy did this with Bitcoin.
Bitmine may now be building the Ethereum version.
$ETH $BMNR @BitMNR@fundstrat