It's incredibly bullish for Bitcoin that Bitcoin companies like David Bailey's NAKA have failed. Bailey had been well-known for funding Bitcoin spam attacks and then promoting them at his shitcoin-adjacent conferences. NAKA has fallen from over $1,000 per share to just $4
@JoeConsorti You forgot to mention the 12.7 million new shares of MSTR that were issued last week to raise cash. It's easy to bring STRC back to par, as long as you're willing to keep diluting the common stockholders. Strategy flywheel still operating in reverse
This is a strange post coming one day after the Digital Credit Capital Framework announcement which literally stated the exact opposite.
It stated that due to WEAK credit ($STRC) and even WEAKER equity ($MSTR) that they were creating a BTC Monetization Program under which they may sell BTC in turn resulting in LESS Bitcoin.
Are the long time preference $MSTR holders going to “check in on the bears”?
-8% down today
Almost like nothing Saylor and his retards do can have any impact on the share price besides sending it down
Bitcoin going up is the only thing that saves this ponzi. The longer it takes the worse the bleed out.
It’s so funny having called this for 12 months and seeing it play out exactly as expected